Camarillo Community Bank Reports Dividend

Camarillo Community Bank has announced a 20-cent cash dividend to shareholders of record on May 15, based upon 1998 annual earnings and 1999 first-quarter results.

The dividend will be paid June 1.

Douglas M. Shearer, president and chief executive, reported the bank’s annual income for 1998 was $1.1 million, and for this year’s first quarter it was $300,061. This represents the highest annual and first-quarter earnings in the bank’s history.

Total assets as of March 31 were $96.9 million, with shareholder equity at $9.5 million. Total deposits in the first quarter were $86.9 million, an 11.7% increase from March 1998.

Outstanding loans equaled $56.1 million, an 8.3% increase from March 1998.

Camarillo Community Bank has headquarters in Camarillo, a full-service branch in Westlake Village and loan production offices in Thousand Oaks and Moorpark.