Pacific Continental Revises Shareholder Record Date

EUGENE, Ore., Aug. 18 /PRNewswire-FirstCall/ -- Pacific Continental Corporation (Nasdaq: PCBK), the holding company of Pacific Continental Bank, today announced a correction to its previously stated shareholder record date for the third quarter dividend payment - the correct shareholder record date is September 3, 2010. The correct information is as follows: Pacific Continental Corporation's board of directors declared a quarterly cash dividend of $0.01 per share payable September 15, 2010, to shareholders of record on September 3, 2010. The $0.01 per share dividend is unchanged from the company's June 2010 dividend payment.

As with all of Pacific Continental's dividends, the board reviews a broad range of balance sheet and other performance metrics, including recent and prospective operating performance, the level of accumulated retained earnings, payout ratios, loan concentrations and other company-wide risks, and competitive yield assessments.  

Pacific Continental's board will continue to review dividend considerations so that cash dividends, when and if declared, will typically be paid in March, June, September and December of each year.

About Pacific Continental Bank

Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through fourteen banking offices in Oregon and Washington. Pacific Continental, with $1.2 billion in assets, has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region's largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, healthcare professionals, professional service providers, and nonprofit organizations.

Since its founding in 1972, Pacific Continental Bank has been honored with numerous awards from business and community organizations. In June 2010, The Seattle Times selected Pacific Continental as one of the Top 20 Companies of the Decade and - for the tenth consecutive year - named Pacific Continental to its  "Best of the Northwest" ranking (formerly referred to as the "Northwest 100") of top publicly rated companies headquartered in the Pacific Northwest; in March 2010, Oregon Business magazine recognized Pacific Continental as the top-ranked financial institution to work for in the publication's large company category, making it the tenth consecutive year Pacific Continental has been recognized as one of the 100 Best Companies to work for in Oregon; and in December 2008, for the second consecutive year, the Portland Business Journal recognized Pacific Continental Bank as One of the Ten Most Admired Companies in Oregon. Pacific Continental Corporation's shares are listed on the Nasdaq Global Select Market under the symbol "PCBK" and are a component of the Russell 2000 Index. Supplementary information about Pacific Continental can be found online at www.therightbank.com.

SOURCE Pacific Continental Corporation

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