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Malaga Financial Corporation Announces Cash Dividend

Malaga Financial Corporation (OTCBB:MLGF). The Board of Directors of Malaga Financial Corporation announced today the declaration of a cash dividend in the amount of 10 cents per share to shareholders of record on Apr. 7, 2011. The dividend will be paid out on or about Apr. 12, 2011. Randy C. Bowers, President and CEO, remarked, “We are pleased to have reported our 5 th consecutive year of record profits in 2010 and to have been recognized as the #1 performing thrift in the U.S. by SNL Financial. We appreciate the loyalty of our shareholders and are delighted to reward them with our 27 th consecutive quarterly cash dividend.”

Malaga Bank is a full-service community bank headquartered on the Palos Verdes Peninsula with branch offices located on the Peninsula, in Torrance and now in San Pedro. For 26 years, Malaga has been delivering not only competitive banking services to residents and businesses of the South Bay, but also real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.



Stock quotes in this article: MLGF 
Copyright Business Wire 2010

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