American Pacific Bank Declares Dividends

American Pacific State Bank has announced a 5% stock dividend plus a cash dividend of 10 cents per share to be paid to shareholders of record as of Dec. 10.

American Pacific, which is headquartered in Sherman Oaks, has grown in recent years in part because it opened new branches in Van Nuys, Valencia and Northridge.

The bank’s total assets are now at a record $315 million.