Gurney went on to state, "Our Directors recognize the importance of capital planning coupled with an appropriate dividend strategy. With the Bank's strong performance this year, our Board felt an increase in the dividend was warranted."
Mission Valley Bank is a full-service, independent, commercial bank specializing in the banking needs of small to medium businesses in the San Fernando & Santa Clarita Valleys. The Bank was chartered in July 2001, with a vision of local ownership and a commitment to providing financial solutions to meet the needs of its clients. Mission Valley Bancorp is traded on the OTCQX under the symbol MVLY.
Certain matters discussed in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current management expectations and, therefore, are subject to certain risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. Forward-looking statements are effective only as of the date that they are made and Mission Valley Bank assumes no obligation to update this information.
Logo - http://photos.prnewswire.com/prnh/20160427/360984LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mission-valley-bancorp-announces-2016-cash-dividend-300366233.html
SOURCE Mission Valley Bancorp