People’s Bank Declares 5% Stock Dividend

MEDFORD, Ore.--(BUSINESS WIRE)-- The Board of Directors of Peoples Bank of Commerce (OTCBB: PBCO) announced today a five percent (5%) stock dividend payable to all shareholders of record April 28, 2017, payable on or about May 30, 2017. Ken Trautman, President and CEO stated that “the Board of Directors is delighted to provide this dividend to our shareholders in light of the 34% increase in net income in 2016 compared to 2015.” No fractional shares will be issued and cash will be paid in lieu of fractional shares. Trautman also reminds shareholders to expect important material for the annual shareholder’s meeting to be held April 26, 2017.

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Peoples Bank of Commerce
Ken Trautman, President and CEO
541-774-7654

Source: Peoples Bank of Commerce

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