Lapeer County Bank & Trust Co. (OTC: CBNC) Declares Dividend
The Board of Directors of County Bank Corp (OTC: CBNC), the holding company of Lapeer County Bank & Trust Co., is pleased to report a second quarter cash dividend of $0.27 per share. The dividend is payable June 30, 2016, to shareholders of record on June 16, 2016.
“I am pleased to announce the payment of a cash dividend of $0.27 per share for the second quarter of 2016,” said President and CEO Bruce Cady. With the pending merger, we are working harder than ever to make sure the Bank meets its goals and continue to pay a dividend to its shareholders.”
At May 31, 2016, net income was $1,038,000 a 6.82% annualized return on equity. Total assets ended May at $331,409,000 and total deposits ended at $293,169,000. This is the 75th consecutive year that the Corporation has paid a shareholder dividend.