Camarillo Bank OKs 10-Cent Share Dividend
The board of directors for Camarillo Community Bank has approved a 10-cent-per-share cash dividend, based on the bank’s 1995 record growth and after-tax earnings of more than $1 million.
The dividend is expected to be paid April 10 to shareholders of record on March 25, said Douglas M. Shearer, bank president and chief executive officer.
This is the third cash dividend to be paid by the bank in just over a year. Two previous cash dividends were distributed in February and September 1995.
Earnings per common share climbed to 71 cents in 1995, up from 32 cents a year earlier.
Camarillo Community Bank’s financial statements reflect total assets of $75.5 million as of Dec. 31 and shareholders’ equity in excess of $7 million. Both are record levels for the bank, Shearer said.
Total assets increased $6.3 million in 1995, or 9.1% higher than a year earlier.
Deposits at the end of the year were more than $67.6 million, a $5-million increase over Dec. 31, 1994.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
