{"id":400447,"date":"2020-12-15T16:33:22","date_gmt":"2020-12-15T21:33:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400447"},"modified":"2020-12-15T16:33:22","modified_gmt":"2020-12-15T21:33:22","slug":"santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/","title":{"rendered":"Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SANTA CRUZ, Calif.<\/span>, <span class=\"xn-chron\">Dec. 15, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Santa Cruz County Bank (OTC Pink: SCZC),\u00a0with assets over <span class=\"xn-money\">$1.4 billion<\/span>, is a top rated community bank headquartered in <span class=\"xn-location\">Santa Cruz County<\/span>. Today the bank announced its Board of Directors&#8217; declaration of a quarterly cash dividend in the amount of <span class=\"xn-money\">$0.075<\/span> per share. The dividend is payable\u00a0on <span class=\"xn-chron\">January 11, 2021<\/span> to shareholders of record as of the close of business on <span class=\"xn-chron\">December 30, 2020<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/480933\/SANTA_CRUZ_COUNTY_BANK_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/480933\/SANTA_CRUZ_COUNTY_BANK_Logo.jpg\" title=\"Put Your Money Where Your Life Is. Santa Cruz County Bank logo.  (PRNewsFoto\/Santa Cruz County Bank)\" alt=\"Put Your Money Where Your Life Is. Santa Cruz County Bank logo.  (PRNewsFoto\/Santa Cruz County Bank)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>For the quarter ended <span class=\"xn-chron\">September 30, 2020<\/span>, Santa Cruz County Bank reported record <span class=\"xn-money\">$5.3 million<\/span> in net income, an increase of 76%, compared to the third quarter of 2019. <\/p>\n<p>Return on average equity was 13.04% for the quarter ended <span class=\"xn-chron\">September 30, 2020<\/span>. The book value per share of Santa Cruz County Bank&#8217;s common stock at <span class=\"xn-chron\">September 30, 2020<\/span> was <span class=\"xn-money\">$42.83<\/span>, compared to <span class=\"xn-money\">$31.69<\/span> as of <span class=\"xn-chron\">September 30, 2019<\/span>. \u00a0Shareholders&#8217; equity grew to <span class=\"xn-money\">$164.9 million<\/span>, an <span class=\"xn-money\">$87.1 million<\/span> increase compared to the same period in 2019. This significant growth was accelerated by the Bank&#8217;s merger with Lighthouse Bank in the fourth quarter of 2019. <\/p>\n<p>\n        <b>ABOUT <span class=\"xn-location\">SANTA CRUZ COUNTY<\/span> BANK<br \/><\/b>Santa Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in <span class=\"xn-location\">Santa Cruz, California<\/span>. The bank has seven branches\u2013Aptos, <span class=\"xn-location\">Capitola<\/span>, <span class=\"xn-location\">Cupertino<\/span>, <span class=\"xn-location\">Santa Cruz<\/span> (2), <span class=\"xn-location\">Scotts Valley<\/span>, <span class=\"xn-location\">Watsonville<\/span> and a new branch set to open in <span class=\"xn-location\">Monterey<\/span> in early 2021. Santa Cruz County Bank is distinguished from &#8220;big banks&#8221; by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in <span class=\"xn-location\">Santa Cruz County<\/span> and Silicon Valley and a top USDA lender in the state of California.\u00a0As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations. <\/p>\n<p>Santa Cruz County Bank stock is publicly traded on the OTC marketplace under the symbol SCZC. Stock purchase orders may be placed online, through a brokerage firm, or through Market Makers listed in the Investor Relations section of the bank&#8217;s website. For more information about Santa Cruz County Bank, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3014265-1&amp;h=3954858275&amp;u=http%3A%2F%2Fwww.sccountybank.com%2F&amp;a=www.sccountybank.com\" rel=\"nofollow noopener noreferrer\">www.sccountybank.com<\/a>.<\/p>\n<p>\n        <b>NATIONAL, STATE, AND LOCAL RATINGS AND AWARDS <br \/><\/b>Financial Management Consulting (FMC) Group: Santa Cruz County Bank has ranked in FMC&#8217;s top ten banks in <span class=\"xn-location\">California<\/span> for the past five years. <\/p>\n<p>The Findley Reports, Inc.: The Bank has received the top ranking of Super Premier by Findley for ten consecutive years. <\/p>\n<p>Bauer Financial Reports, Inc.: Santa Cruz County Bank is rated 5-star &#8220;Superior&#8221; based upon its financial performance. <\/p>\n<p>The Bank ranks 4<sup>th<\/sup> in the Silicon Valley for the number of SBA loans lent to Silicon Valley businesses for the SBA&#8217;s 2019 fiscal year. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF25302&amp;sd=2020-12-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-301193495.html\">http:\/\/www.prnewswire.com\/news-releases\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-301193495.html<\/a><\/p>\n<p>SOURCE  Santa Cruz County Bank<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF25302&amp;Transmission_Id=202012151630PR_NEWS_USPR_____SF25302&amp;DateId=20201215\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SANTA CRUZ, Calif., Dec. 15, 2020 \/PRNewswire\/ &#8212;\u00a0Santa Cruz County Bank (OTC Pink: SCZC),\u00a0with assets over $1.4 billion, is a top rated community bank headquartered in Santa Cruz County. Today the bank announced its Board of Directors&#8217; declaration of a quarterly cash dividend in the amount of $0.075 per share. The dividend is payable\u00a0on January 11, 2021 to shareholders of record as of the close of business on December 30, 2020. For the quarter ended September 30, 2020, Santa Cruz County Bank reported record $5.3 million in net income, an increase of 76%, compared to the third quarter of 2019. Return on average equity was 13.04% for the quarter ended September 30, 2020. The book value per share &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400447","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SANTA CRUZ, Calif., Dec. 15, 2020 \/PRNewswire\/ &#8212;\u00a0Santa Cruz County Bank (OTC Pink: SCZC),\u00a0with assets over $1.4 billion, is a top rated community bank headquartered in Santa Cruz County. Today the bank announced its Board of Directors&#8217; declaration of a quarterly cash dividend in the amount of $0.075 per share. The dividend is payable\u00a0on January 11, 2021 to shareholders of record as of the close of business on December 30, 2020. For the quarter ended September 30, 2020, Santa Cruz County Bank reported record $5.3 million in net income, an increase of 76%, compared to the third quarter of 2019. Return on average equity was 13.04% for the quarter ended September 30, 2020. 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Today the bank announced its Board of Directors&#8217; declaration of a quarterly cash dividend in the amount of $0.075 per share. The dividend is payable\u00a0on January 11, 2021 to shareholders of record as of the close of business on December 30, 2020. For the quarter ended September 30, 2020, Santa Cruz County Bank reported record $5.3 million in net income, an increase of 76%, compared to the third quarter of 2019. Return on average equity was 13.04% for the quarter ended September 30, 2020. The book value per share &hellip; Continue reading \"Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-15T21:33:22+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/480933\/SANTA_CRUZ_COUNTY_BANK_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders","datePublished":"2020-12-15T21:33:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/"},"wordCount":499,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/480933\/SANTA_CRUZ_COUNTY_BANK_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/santa-cruz-county-bank-declares-quarterly-cash-dividend-payment-to-shareholders-4\/","name":"Santa Cruz County Bank Declares Quarterly Cash Dividend Payment to Shareholders - 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