Sept. 18, 2013
Patrick J. Moty
President and Chief Executive Officer
of Bank of Commerce Holdings (NASDAQ: BOCH), a $957 million bank holding company and parent company of Redding Bank of Commerce™, today announced a cash dividend of
per share for the third quarter 2013 and a special cash dividend of
Patrick J. Moty
, President and Chief Executive Officer commented, "After this regular quarterly dividend and special dividend, our capital ratios continue to be strong, and together with our current earnings, we will have ample capital to support organic balance sheet growth and the continuance of our current stock buyback program."
per share quarterly cash dividend and the
per share special cash dividend will be paid to shareholders of record as of
September 27, 2013
, and are payable on
October 11, 2013
About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company headquartered in
and is the parent company for Redding Bank of Commerce™ which operates under two separate names (Redding Bank of Commerce
, a division of Redding Bank of Commerce). The Bank is an FDIC insured
banking corporation providing commercial banking and financial services through 4 offices located in
. The Bank opened on
October 22, 1982
. The Company's common stock is listed on the NASDAQ Global Market and trades under the symbol "BOCH."
Bank of Commerce Holdings (the "Company") wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. This news release includes statements by the Company, which describe management's expectations and developments, which may not be based on historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21B of the Securities Act of 1934, as amended. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. In addition to discussions about risks and uncertainties set forth from time to time in the Company's public filings, factors that may cause actual results to differ materially from those contemplated by such forward looking statements include, among others, the following possibilities: (1) local, national and international economic conditions are less favorable than expected or have a more direct and pronounced effect on the Company than expected and adversely affect the company's ability to continue its internal growth at historical rates and maintain the quality of its earning assets; (2) changes in interest rates reduce interest margins more than expected and negatively affect funding sources; (3) projected business increases following strategic expansion or opening or acquiring new banks and/or branches are lower than expected; (4) costs or difficulties related to the integration of acquisitions are greater than expected; (5) competitive pressure among financial institutions increases significantly; (6) legislation or regulatory requirements or changes adversely affect the businesses in which the Company is engaged.