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 July 6, 2011. The dividend will be paid out on or about July 7, 2011. Randy C. Bowers, President and CEO, remarked, “We are pleased to have been ranked by US Banker as the top performing publicly traded community bank in California as of Dec. 31, 2010. We appreciate the loyalty of our shareholders and are delighted to reward them with our 28 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.