© Reuters.
WALNUT CREEK, Calif. – BayCom Corp (NASDAQ:), the holding company for United Business Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is scheduled for distribution on April 12, 2024, to shareholders who are on record by March 8, 2024.
The decision to issue a dividend reflects BayCom’s ongoing commitment to provide returns to its shareholders. The company, through United Business Bank, serves a diverse clientele, offering a variety of loan products, including SBA, CalCAP, FSA, and USDA guaranteed loans, as well as deposit services across multiple states such as California, Washington, New Mexico, and Colorado.
As an Equal Housing Lender and FDIC member, United Business Bank operates under BayCom’s corporate umbrella, with BayCom’s common stock traded on the NASDAQ.
While this press release includes forward-looking statements concerning BayCom’s financial condition, results of operations, and dividend payments, these statements are subject to risks and uncertainties.
The company cautions that actual results in future periods may differ materially from those currently expected or desired due to various factors, which are detailed in the risk factors section of BayCom’s Annual Report on Form 10-K/A for the year ended December 31, 2023.
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