VISALIA, Calif., March 6, 2017 /PRNewswire/ -- Allan Stone, President and Chief Executive Officer of Valley Commerce Bancorp (http://www.valleybusinessbank.net) (OTC Pink: VCBP), reported that the Board of Directors of Valley Commerce Bancorp declared a special cash dividend of $4.82 per share. The cash dividend will be paid to those shareholders of record on March 10, 2017 who are Valley Commerce Bancorp shareholders immediately prior to the closing of Valley Commerce's merger with CVB Financial Corp.
This special dividend is issued in connection with, and subject to, Valley Commerce Bancorp's merger with and into CVB Financial Corp. expected to be effective on March 10, 2017.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. These forward-looking statements including statements relating to the closing of our merger with CVB Financial Corp., are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to: whether all conditions to the closing of the proposed transaction are satisfied. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements except as required by law. The Company is also not responsible for changes made to the press release by wire services, internet services or other media.
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SOURCE Valley Commerce Bancorp