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SC BANCORP DECLARES A $0.20 ANNUAL CASH DIVIDEND

 SC BANCORP DECLARES A $0.20 ANNUAL CASH DIVIDEND
 DOWNEY, Calif., Dec. 3 /PRNewswire/ -- The board of directors of


SC Bancorp and its subsidiary, Southern California Bank, at their meeting of Nov. 19, 1991, declared a $0.20 annual cash dividend to be paid on Jan. 15, 1992 to shareholders of record as of Dec. 16, 1991.
 The company's current year operations have been impacted by the continuing recession and the easing of interest rates. In this climate, SC Bancorp has maintained moderate earnings and a strong financial condition.
 The outlook for a recovery of the California economy continues to be somewhere in the future and the government continues its efforts to revive the economy through lower interest rates. Southern California's diverse economy still shows the strain of recession, and we expect a very slow 1992. However, it is felt that the dividend action is appropriate given the year-to-date results we have achieved.
 -0- 12/3/91
 /CONTACT: Norman A. Morales, executive VP and CFO of Southern California Bank, 310-923-9811/ CO: SC Bancorp; Southern California Bank ST: California IN: FIN SU: DIV


EH-DM -- LA025 -- 8851 12/03/91 14:55 EST
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Publication:PR Newswire
Date:Dec 3, 1991
Words:191
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