Lakestone Bank & Trust (OTC: CBNC) Declares Dividend
The Board of Directors of County Bank Corp (OTC: CBNC), the holding company of Lakestone Bank & Trust, is pleased to report a first quarter cash dividend of $0.29 per share. The dividend is payable March 31, 2017, to shareholders of record on March 17, 2017.
“The 2017 profit plan has been finalized and earnings have reached expectations for the few months of combined operations. We’re confident the financial performance of the Bank will improve throughout the year and both the Bank and Corporation will reach their respective financial goals,” said Bruce Cady, Chairman and CEO.
At February 28, 2017, corporate assets total $593 million, an increase of $9 million since 2016 year-end. Total deposits are $531 million and loans outstanding are $313 million. Net profit at the corporate level through February, 2017 is $901 thousand. This is the 16th consecutive quarter that the Corporation has paid a shareholder dividend.
About Lakestone Bank & Trust,
Lakestone Bank & Trust, the only locally owned and operated community bank in Lapeer County, offers deposit, loan, trust, investment and commercial banking services. Fourteen offices serve the St. Clair, Macomb, and Lapeer counties. For more information please visit: LAKESTONEbank.com