The board of directors of Eldorado Bancorp,...

The board of directors of Eldorado Bancorp, the Tustin holding company for Eldorado Bank, has declared a 10% stock dividend, payable May 21 to shareholders of record on April 30. The dividend allows the bank to reinvest its profits yet provide a return to investors and stimulate stock market activity, said J.B. Crowell, president and chief executive officer. The company, which has more than 1.5 million shares outstanding, last paid a 10% stock dividend in January, 1983. There will be 1.7 million shares outstanding after the latest dividend is paid.