Published:
Sonoma Valley Bancorp Declares Cash Dividend
SONOMA, Calif., Aug. 21 /PRNewswire-FirstCall/ -- Sonoma Valley Bancorp
Board Chairman Bob Nicholas announced that the company has declared a cash
dividend of thirty cents ($0.30) per share at a regularly scheduled Board
meeting held August 20, 2008. The cash dividend is payable to shareholders of
record September 15, 2008 and will be paid on September 30, 2008.
Chairman Nicholas said the company's continued capital growth and earnings
record made the declaration possible. Sonoma Valley Bancorp, with
$303 Million in assets, is headquartered in Sonoma with a branch office in
Glen Ellen, and the Banco de Sonoma branch in Boyes Springs.
Shares in the company are traded on the Over the Counter Bulletin Board
(OTCBB) and the stock symbol is SBNK.
This press release may contain forward-looking statements, which are not
historical facts, but which management believes are a benefit to shareholders.
These forward looking statements may include management's expectations
regarding future events and performance of its subsidiary, Sonoma Valley Bank,
including such items as operating efficiencies, projected growth in loans and
deposits, future operating results and forecasts, net interest margin,
strength of the local economy where Sonoma Valley Bank principally operates,
and federal fiscal policies. Future events are difficult to predict and such
forward-looking statements contained in this press release which are not
historical facts are subject to risks and uncertainties that could cause
actual results to differ materially and adversely from those expressed,
including, but not limited to, certain changes in the local economy, changes
in interest rates and federal fiscal policies, and changes in competition. In
addition, the Company discusses certain other risks and uncertainties related
to its operations in its reports filed with the Securities and Exchange
Commission, which risks and discussion should be read in conjunction with this
press release. The Company assumes no obligation to publicly revise
forward-looking statements to reflect subsequent events or changed
circumstances.
SOURCE Sonoma Valley Bancorp
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