Centennial First Financial Services Announces Cash Dividend; www.redcent.com.Business Editors REDLANDS, Calif.--(BUSINESS WIRE)--Feb. 20, 2001 Centennial First Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CFFX) the parent holding company of Redlands Centennial Bank, today announced a 5 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 to shareholders of record March 2, 2001, and payable April 2, 2001. Patrick J. Meyer, chairman of the board stated, "The cash dividend reflects the on-going success of Redlands Centennial Bank and rewards shareholders for their continued support." This represents the ninth dividend paid by the company in its 10-year history. In December, the company announced its planned acquisition of Palomar Community Bank in Escondido, Calif. The cash transaction is expected to be completed mid-year and will pay Community West Bancshares, the parent holding company of Palomar, $10.5 million. In January, the bank opened a full-service branch in Brea, Calif. In addition, the bank operates its main office and construction loan production office in downtown Redlands, and an SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government loan production office in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif. The company showed total assets of $94.1 million at year-end, and earnings of $907,000, up 24% from the previous year. Earnings per share increased to $1.33 compared with $1.03 for 1999. Douglas C. Spencer, president/CEO added: "The premier performance of the bank is due in part to the continued confidence shown by our valued customers and shareholders. We look forward to serving the financial needs of our extended community as we expand into north Orange County with a branch of Redlands Centennial Bank and with the addition of Palomar Community Bank in northern San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County. The company will continue to emphasize a customer-focused service culture delivered with modern technology." Additional information is available on the Internet at www.redcent.com or by contacting Spencer directly at spencerd@redcent.com. |
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