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, subject to shareholder approval of an amendment to the articles of incorporation increasing the number of authorized shares of common stock from the current two million to four million shares, at the annual meeting of shareholders on April 23, 2014. The five percent stock dividend is to be paid on or about June 16, 2014 to shareholders of record May 15, 2014.
People’s Bank was organized in 1998 and operates from its main office in Medford with branch offices in Medford, Ashland, Central Point and Grants Pass, Oregon.