Lapeer County Bank & Trust Co. declares dividend
The Board of Directors of County Bank Corp, the holding company of Lapeer County Bank & Trust Co., is pleased to report a second quarter cash dividend of $0.25 per share. The dividend is payable June 30, 2015, to shareholders of record on June 16, 2015.
“I am pleased to announce the payment of a cash dividend of $0.25 per share for the second quarter of 2015,” said President and CEO Bruce Cady. “The Bank is on target financially through the first quarter of 2015 resulting in its ability to pay the dividend. I am confident the Bank will meet its 2015 goals.”
At March 31, 2015, net income was $700,000 a 7.9% annualized return on equity. Total assets ended the quarter at $319,867,000 and total deposits ended the quarter at $282,128,000. This is the 74th consecutive year that the Corporation has paid a shareholder dividend.