Mission Valley Bancorp Announces First Cash Dividend

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Mar 12, 2015, 05:58 ET

SUN VALLEY, Calif., March 12, 2015 /PRNewswire/ -- President & CEO Tamara Gurney of Mission Valley Bancorp – (parent company of Mission Valley Bank) announced today a $0.05 per share cash dividend on its outstanding common stock. The dividend was approved at the regularly scheduled Board of Directors meeting held on February 24, 2015. The dividend will be payable on or about March 27, 2015 to common shareholders of record as of March 16, 2015.

Gurney stated, "We are very pleased to pay this cash dividend to our common shareholders. The bank's strong capital position and continued solid earnings performance has allowed us the opportunity to enhance shareholder value through our first payment of a cash dividend."

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.

Forward-looking statements:
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.

www.MissionValleyBank.com

SOURCE Mission Valley Bancorp