Civic BanCorp Announces Stock Dividend.Business Editors OAKLAND, Calif.--(BUSINESS WIRE) Civic BanCorp (Nasdaq:CIVC CIVC Comite Interprofessionnel du Vin de Champagne (French) ) and its subsidiary, CivicBank of Commerce announces stock dividend. The Company announced that on March 15, 2000, at a regularly scheduled meeting of the Board of Directors of Civic BanCorp, the Directors declared a 5% stock dividend to shareholders of record on March 29, 2000, payable on April 12, 2000. Fractional shares will be paid in cash. "The Director's action is appropriate to reward long term shareholders," stated Herbert C. Foster, President and Chief Executive Officer. "This also reflects the Company's continued profitability and growth." In addition to historical information, certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors which might cause such a difference include, but are not limited to interest rate risk, asset quality, general economic conditions, legislative or regulatory changes, increases in personal or commercial customers' bankruptcies and the risk that previously undetected Year 2000 compliance problems may arise. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward looking statements. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 1998 and the Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. filed in fiscal 1999. CivicBank of Commerce, the Bay Area's leading independent business bank, serves companies, their owners and the professional community through offices located in Oakland, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Fremont, San Leandro San Leandro (săn lēăn`drō), city (1990 pop. 68,223), Alameda co., W Calif., on San Francisco Bay; inc. 1872. Metal, wood, and paper products; chemicals; leather goods; foods and beverages; medical equipment; lighting fixtures; and , Rossmoor, Walnut Creek, Concord and Antioch. |
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