The board of directors of Yuba City-based Bank of Feather River has approved a 3-for-2 stock split for shareholders of record on Dec. 18.
The split will be issued on Jan. 30.
“Bank of Feather River has experienced strong growth since our inception, and we continue to recognize solid earnings and capital levels” said Julie Morehead, president and CEO, said in a statement accompanying the announcement.
Entering its seventh year of operation, the bank said it has recorded 20 consecutive profitable quarters. In the third quarter of 2014, its most recent reporting period, Feather River bank reported net income of $272,000.
Never miss a local story.
Call The Bee’s Mark Glover, (916) 321-1184.