LOS ANGELES--(BUSINESS WIRE)--Pacific City Financial Corporation (OTC Pink: PFCF), the holding company of Pacific City Bank, today announced that its Board of Directors of the Company declared a cash dividend on its common share of $0.03 per share. The dividend will be paid on or about December 10, 2015, to shareholders of record as of the close of business on November 30, 2015.
“Based on our continued strong financial performance, we are pleased to declare our third cash dividend this year. We feel that this cash dividend is an important component to our capital management and conveying our appreciation to our shareholders,” said Haeyoung Cho, President and CEO.
About Pacific City Financial Corporation
Headquartered in Los Angeles, California, Pacific City Financial Corporation is the parent company of Pacific City Bank, a full-service commercial bank with ten branch offices and six loan production offices in Lynwood and Bellevue, Washington; Chicago, Illinois; Annandale, Virginia; Atlanta, Georgia; and Orange County, California. Pacific City Bank specializes in commercial banking for small to medium-size businesses by providing commercial real estate loans, small business loans and lines of credit, trade finance loans, auto loans, residential mortgage loans, and SBA loans. Pacific City Bank serves a diverse customer base through its branches in the Greater Los Angeles Area, New Jersey and its Loan Production Offices in five states.