Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.5% Yield

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Summit State Bank Reports Net Income for Second Quarter 2016 and Declaration of Dividend

July 26, 2016 9:02 AM EDT

SANTA ROSA, Calif., July 26, 2016 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended June 30, 2016 of $1,254,000 and diluted earnings per share of $0.26.  A quarterly dividend of $0.12 per share was declared for common shareholders.

Dividend

The Board of Directors declared a $0.12 per share quarterly dividend to be paid on August 26, 2016 to shareholders of record on August 18, 2016.

Net Income and Results of Operations

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