|By PR Newswire||
|April 18, 2014 08:17 AM EDT||
ALBANY, Ore., April 18, 2014 /PRNewswire/ -- Willamette Community Bank's (OTCQB: WMCB) Board of Directors has approved a 3% stock dividend, to be paid on May 25th, 2014 for shareholders of record as of May 5th, 2014. The dividend marks the first time that the bank, headquartered in Albany, Oregon, has paid a dividend in its history. Willamette Community Bank has just come off of a record net income year in 2013, and has also recently announced an expansion into the Salem, Oregon, market with a Loan Production Office. The dividend, marking another momentum point for the company, was praised by shareholders and the company's top management. The bank's CEO, Dan McDowell, stated, "We have had extraordinary success over the last year, along with some very positive additions to our team and our capabilities. I am very pleased that we are able to reward our shareholders for their commitment to Willamette Community Bank."
Willamette Community Bank, headquartered in Albany, Oregon, is a community bank focused on creative business solutions and customer service. The bank, founded in 2003, has enjoyed consistent profitability since 2005. If you would like to learn more about Willamette Community Bank, please contact Stewart Williams, Senior Vice President, at [email protected].
SOURCE Willamette Community Bank