People’s Bank Declares 5% Stock Dividend

MEDFORD, Ore.--(BUSINESS WIRE)--The board of directors of People’s Bank of Commerce (OTCBB:PBCO) announced that it has declared a five percent stock dividend. The five percent stock dividend will be paid on or about April 15, 2013 to shareholders of record March 15, 2013.

The locally-owned community bank recently reported earnings of $875,000 for 2012, including $199,000 in the quarter ended December 31, 2012.

People’s Bank was organized in 1998 and operates from its new main office in Medford with branch offices in Medford, Ashland and Central Point, Oregon.