Camarillo Bank Board Approves 15-Cent Dividend
The board of directors for Camarillo Community Bank has approved a 15-cent-per-share dividend to shareholders of record Oct. 1.
The dividend will be paid Oct. 20, based on 1999 earnings through Aug. 31.
C.G. Kum, president and chief executive, said net income for the first eight months of the year was $793,000, up 12.9% from the same period in 1998. Total assets as of Aug. 31 were $103 million, and shareholder equity was more than $9.5 million.
Deposits as of Aug. 31 totaled $92.8 million, a 14.4% increase from August 1998. Outstanding loans were $57.7 million, up 15.4% from a year earlier.
The bank, which is in its 20th year, has full-service branches in Camarillo and Westlake Village and loan production offices in Thousand Oaks and Moorpark.
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.
