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NORTHBAY FINANCIAL DECLARES CASH DIVIDEND

 NORTHBAY FINANCIAL DECLARES CASH DIVIDEND
 PETALUMA, Calif., Sept. 17 /PRNewswire/ -- Northbay Financial Corp.


(AMEX: NBF) announced today that its board of directors has declared a cash dividend. The cash dividend of 7 cents per share, payable to stockholders of record as of Oct. 16, 1992, will be paid on Oct. 30, 1992.
 Alfred A. Alys, chief executive officer of the company, stated that the board of directors determined that the payment of a cash dividend was appropriate in view of the company's strong capital position and continuing strong operating results. He noted that any further dividends will depend upon the company's financial condition, earnings, capital needs, regulatory requirements and economic conditions.
 Northbay Financial Corp. is the holding company for Northbay Savings Bank, F.S.B., which conducts business through its main office in Petaluma and six other offices in Sonoma County. The company has consolidated assets of $295 million at June 30, 1992.
 -0- 9/17/92
 /CONTACT: Jeanne M. Chalmers of Northbay Financial, 707-778-3334/
 (NBF) CO: Northbay Financial Corp. ST: California IN: FIN SU: DIV


GT-TM -- SF004 -- 0753 09/17/92 14:44 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:185
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