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(ALPIB), (BFCC) - After Surviving 2020, The Future Looks Bright For Community Banks In 2021

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Suncrest Bank Announces Declaration of its First Cash Dividend


Suncrest Bank Announces Declaration of its First Cash Dividend
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SACRAMENTO, Calif. and VISALIA, Calif., Feb. 11, 2021 /PRNewswire/  Suncrest Bank (OTCQX: SBKK) today announced that its Board of Directors declared a special one-time cash dividend of $0.25 per share on the Bank s outstanding common stock.  The cash dividend will be payable on March 1, 2021 to shareholders of record as of the close of business on February 22, 2021.
We are delighted to announce the payment of a cash dividend to our shareholders.  Returning excess capital in the form of this special dividend is an important component of our capital management strategy, said Mr. Ciaran McMullan, President and CEO of Suncrest Bank. It reflects our consistently strong performance and our commitment to enhance shareholder value, McMullan added. ....

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Suncrest Bank Reports Fourth Quarter and Full Year Earnings. Net Income of $13.1 million. EPS Increased year-over-year by 12%. Annualized non-PPP loan growth of 14%.


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SACRAMENTO, Calif. and VISALIA, Calif., Jan. 27, 2021 /PRNewswire/  Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the fourth quarter and full year of 2020.
Suncrest Bank has delivered an exceptionally strong year despite the challenges faced in 2020. We posted net income of over $13 million, increased EPS by almost 12% to $1.06, our return on average tangible assets was 1.14%, and our efficiency ratio was under 52% for the year, said Mr. Ciaran McMullan, President and CEO of Suncrest Bank.
Our momentum continued to build through year-end with fourth quarter earnings of $4.35 million up nearly 36% over the linked quarter, organic non-PPP loan growth of 3.45% or approximately 14% annualized, and $59 million in new originations which is a single-quarter record. ....

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