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 first quarter cash dividend of $0.24 per share. The dividend is payable March 31, 2015, to shareholders of record on March 17, 2015.
“I am pleased to announce the payment of a cash dividend of $0.24 per share for the first quarter of 2015,” said President and CEO Bruce Cady. “The Bank has met budgeted goals through the first quarter of 2015 resulting in the ability of the Corporation to pay the dividend. I am optimistic the Bank will meet its 2015 financial goals.”
Through February, net income is $446,380. Total assets are $325,617,000 and total deposits are $288,194,000. This is the 74th consecutive year that the Corporation has paid a shareholder dividend.