Bank of the Sierra Declares Dividend.Business Editors PORTERVILLE, Calif.--(BUSINESS WIRE)--April 15, 2002 James C. Holly, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bank of the Sierra (Nasdaq:BSRR BSRR Birmingham Southern Railroad (Alabama) ) announced today that the Board of Directors had declared a quarterly dividend of $0.07 per share for all stockholders of record as of May 2, 2002, payable May 16, 2002. The Board took this action after a review of first quarter 2002 financial performance. In declaring this cash dividend, the Board continued on a course of quarterly cash dividends as announced in mid- mid- pref. Middle: midbrain. 1999. The current dividend will amount to a cash payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. of $646,469.60. Bank President Jim Holly indicated that, "The Board is pleased to be able to continue our quarterly cash dividend as a tangible reward to shareholders, many of whom have been with us form the early years. The dividend is also indicative of the continued strong performance of the Bank." Bank of the Sierra is the largest independent bank headquartered in the South San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes , and operates sixteen branch offices as well as two ag credit centers and a bank card center. For more information about the Bank, visit their Web site at www.bankofthesierra.com. |
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