Capital Corp of the West Announces Dividend.MERCED Merced (mərsĕd`), city (1990 pop. 56,216), seat of Merced co., central Calif.; inc. 1889. It is a growing city and a center for tourism and farm trade in a cotton, fruit, and dairy region. , Calif.--(BUSINESS WIRE)--May 1, 1998--Capital Corp of the West (the "Company"), quoted on Nasdaq as CCOW CCOW Clinical Context Object Workgroup CCOW Channel Control Order Wire CCOW Control Channel Order Wire CCOW Contributing to Coalition Operations Worldwide CCOW Computer Care on Wheels (Brantford, Ontario, Canada) , has declared a five percent (5%) stock dividend for its shareholders. The dividend, declared at its most recent Board meeting, will be payable on June 1, 1998 to shareholders of record on May 7, 1998. This dividend follows a three for two (3 for 2) stock split to shareholders of record on April 11, 1997 and a five percent (5%) stock dividend and five cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. cash dividend paid to shareholders of record on August 16, 1996. "The Company is very pleased to announce this dividend shortly after the release of first quarter results. Earnings have increased by 61% over the last year, assets have increased by 53% and capital has increased by 95%. We look forward to capitalizing on the foundation of growth we put into place over the last few years and are excited about the future for our Company. Our commitment to increasing shareholder value continues to be of prime importance to the Management of Capital Corp of the West," says Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs T. Hawker, President and 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. . In addition to the historical information contained herein, this press release includes certain forward looking statements regarding events and trends which may affect the Company's future results. Such statements are subject to risks and uncertainties that could cause the Company's actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, variances in actual versus projected growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). , loan losses, expenses, rates earned on loans and investment securities, rates paid on deposits and other sources of funds, expenses, levels of fee income, competitive factors as well as other factors. Capital Corp of the West, a bank holding company established November 1, 1995, is the parent company to two financial institutions: County Bank, with more than 20 years of service as "Central California's Community Bank" and Town & Country Finance & Thrift thrift: see leadwort. Company, an industrial loan company headquartered in Turlock serving the Central Valley for more than forty years. Currently, County Bank has thirteen branch offices serving the communities of Merced, Mariposa, Madera, Stanislaus and Tuolumne counties. Town & Country has four branch offices located in Turlock, Modesto, Visalia and Fresno. For further information about the Company's financial performance, contact Tom Hawker, President & Chief Executive Officer, or Janey Boyce, Chief Financial Officer, at 209/725-2200. CONTACT: Capital Corp of the West Thomas T. Hawker, 209/725-2276 (President/CEO) Janey Boyce, 209/725-2205 (SVP/CFO) |
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