Channel Islands Bank Declares 10-Cent Dividend

Channel Islands National Bank, a three-office bank based in Oxnard, has declared a 10 cents-a-share dividend for the third quarter.

It’s the bank’s second cash payout this year. In previous years, only stock dividends were declared, said Chairman Stanley E. Cohen.

“We’ve had three excellent quarters in 1995 and anticipate this trend to continue into the fourth quarter as well as into 1996,” he said.

The latest dividend is payable Jan. 26 to shareholders of record on Dec. 31.

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