Printer Friendly

DIVIDENDS DECLARED FOR COMMERCIAL BANCORP SHAREHOLDERS

 SALEM, Ore., Nov. 18 /PRNewswire/ -- The board of directors of Commercial Bancorp (NASDAQ: CBOR) announced a quarterly cash dividend for shareholders of $0.075 per share as a result of continued record earnings, Bancorp President R. B. Tibbatts announced today.
 The dividend is payable Jan. 25, 1994 to shareholders of record on Dec. 31, 1993.
 "The board of directors is pleased at the continued strong performance of the company," Tibbatts said, "and wishes to share these good results with our shareholders."
 Commercial Bancorp is the holding company for Commercial Bank and Valley Commercial Bank. Commercial Bank had assets of $247 million at Sept. 30, 1993 and employed 200 people in 12 offices in Salem, Keizer, Silverton, Monmouth, Molalla, Newberg and Wilsonville. Valley Commercial Bank had assets of $15 million at Sept. 30, 1993 and employed eight people in two offices in Forest Grove and North Plains, with a new branch in Hillsboro opened in October.
 -0- 11/18/93
 /CONTACT: R. B. Tibbatts, president and chief executive officer, of Commercial Bancorp, 503-399-2946/
 (CBOR)


CO: Commercial Bancorp ST: Oregon IN: FIN SU: DIV

AL-JH -- SE005 -- 6133 11/18/93 14:50 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 18, 1993
Words:191
Previous Article:CAMPBELL SHAREOWNERS CELEBRATE ANOTHER YEAR OF RECORD PERFORMANCE, HEAR REPORT ON COMPANY, ELECT DIRECTORS
Next Article:PRESIDENT AND CEO OF AMERICAN AUTOMOBILE MANUFACTURERS ASSOCIATION ISSUES REACTION TO NAFTA VOTE
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters