SANTA CRUZ, California, September 21, 2021 / PRNewswire / – Bank of Santa Cruz County www.sccountybank.com (OTCQX: SCZC), with assets on $ 1.6 billion, is a premier community bank headquartered in Santa Cruz County. The bank announced today that its board of directors has declared a quarterly cash dividend of $ 0.125 per share. The dividend is payable on 12 October 2021 to shareholders of record at the close of business on September 30, 2021.
For the quarter ended June 30, 2021, the Santa Cruz County Bank reported a $ 5.3 million of net income, up 40% compared to the same period in 2020.
Average return on equity was 11.97% for the quarter ended June 30, 2021. The book value per share of the common stock of Santa Cruz County Bank at June 30, 2021 was $ 46.15, an augmentation of $ 4.68 compared to the same period in 2020. Equity increased to $ 178.6 million, a $ 18.9 million increase compared to the same period in 2020.
IN REGARDS TO SANTA CRUZ COUNTY BANK
Santa Cruz County Bank was founded in 2004. It is a premier, locally owned and operated full service community bank headquartered in Santa Cruz, California. The bank has branches located at Aptos, Capitol, Cupertino, Monterey, Santa Cruz, Scotts Valley and Watsonville. What sets Santa Cruz County Bank apart from “big banks” is its relationship service, problem-solving approach, and direct access to decision-makers. The bank is one of the major lenders of the SBA in Santa Cruz County and Silicon Valley and one of the major USDA lenders in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate finance, construction loans, farm loans, SBA and USDA government guaranteed loans, credit cards, merchant services, deposit capture remote, mobile and online banking, bill payment and cash management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating and donating to local nonprofit organizations. Santa Cruz County Bank shares are listed on the OTCQX market under the symbol SCZC. For more information on the Santa Cruz County Bank, visit www.sccountybank.com.
This press release may contain forward-looking statements subject to risks and uncertainties. These risks and uncertainties may include, but are not limited to, fluctuations in interest rates, inflation, government regulations and general economic conditions, as well as competition in the areas of business in which the Bank operates. its operations, including the California real estate market and other factors beyond the control of the Bank. These risks and uncertainties could cause results for subsequent interim periods or for the full year to differ materially from those shown. Readers should not place undue reliance on forward-looking statements, which represent the views of management only as of the date hereof. The Bank does not undertake to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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Santa Cruz County Bank