LOS ANGELES--(BUSINESS WIRE)--Pacific City Financial Corporation (the “Company”) (NASDAQ: PCB), the holding company of Pacific City Bank, announced that on January 24, 2019, its Board of Directors declared a quarterly cash dividend of $0.05 per common share, up 66.7% from $0.03 per share in the prior quarter. The dividend will be paid on or about March 15, 2019, to shareholders of record as of the close of business on February 28, 2019.
“I am pleased to announce our sixteenth consecutive quarterly cash dividend and an increase in that cash dividend to $0.05 per share,” said Mr. Henry Kim, President and Chief Executive Officer. “The decision is based on our strong financial performance and the Board of Directors’ continuing confidence in our anticipated growth in 2019 and beyond.”
About Pacific City Financial Corporation
Pacific City Financial Corporation is the bank holding company for Pacific City Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.
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