Lapeer County Bank & Trust Co. declares fourth dividend of 2014
The Board of Directors of County Bank Corp, the holding company of Lapeer County Bank & Trust Co., on November 19, 2014 declared a fourth quarter cash dividend of $.24 per share and a special cash dividend of $.34 per share. Both dividends are payable December 31, 2014 to shareholders of record on December 17, 2014.
“On behalf of the Board of Directors of County Bank Corp, I am pleased to announce both a 4th quarter and a special dividend,” said President and CEO Bruce Cady. “The operating skill and dedication of all our employees has contributed to what appears to be one of the most profitable years in the Bank’s history. We hope to carry that momentum into the New Year as well.”
As of Oct. 31, 2014, total assets are $316,873,000, up $10,786,000 from a year ago. Deposits for the same period are up $4,508,000. Earnings at the corporate level equaled $2.85 per share annualized and the book value per share is $31.55. This is the 73rd consecutive year that the Corporation has paid a shareholder dividend.