The Board of Directors of Malaga Financial Corporation (OTCBB:MLGF) announced today the declaration of a cash dividend in the amount of 12½ cents per share to shareholders of record on Apr. 13, 2012. The dividend will be paid out on or about Apr. 17, 2012. Randy C. Bowers, President and CEO, remarked, “We are pleased that our continued strong financial performance allows us to reward our loyal shareholders with our 31 st consecutive quarterly dividend. This dividend results in a 3.45% annual yield based on a closing share price of $14.50 on March 29, 2012. We recently celebrated our 27 th anniversary and look forward to continuing to serve and support the South Bay community.”
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 27 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.