Home Madrid Economy First Choice Bancorp Announces Quarterly Cash Dividend

First Choice Bancorp Announces Quarterly Cash Dividend


Cerritos, CA, Nov. 06, 2020 (GLOBE NEWSWIRE) — First Choice Bancorp (NASDAQ: FCBP) (the “Company”), the holding company of First Choice Bank, today announced that its Board of Directors has declared a cash dividend at its ordinary meeting held on November 5, 2020. The dividend will be payable on or about December 28, 2020 to common shareholders of the Company of record at the close of business on December 14, 2020.

About First Choice Bancorp

First Choice Bancorp, headquartered in Cerritos, Calif., is the sole shareholder and registered bank holding company for First Choice Bank. As of September 30, 2020, First Choice Bancorp had total consolidated assets of $2.26 billion. First Choice Bank, also based in Cerritos, Calif., is a community-based financial institution that primarily serves business and consumer customers in various communities and specializes in lending to small and medium-sized businesses and private banking customers, commercial lending and industrial, and commercial real estate loans. First Choice Bank is a Small Business Administration (SBA) Preferred Lender. First Choice Bank operates through nine full-service branches and two loan origination offices located in Los Angeles, Orange and San Diego counties. Founded in 2005, First Choice Bank has quickly become one of the leading providers of financial services that enable our clients to grow, maintain their strength and achieve their business goals. We strive to exceed our clients’ expectations through our efficiency, personalized services, financial solutions and professionalism and we are committed to being “First in Speed, Service, and Solutions”. First Choice Bank strongly believes in social justice and equality and prides itself on its culturally and gender diverse workforce. As of September 30, 2020, over 71% of the Company’s total workforce identified as ethnic minorities and over 66% of its workforce and over 50% of its senior management identified as female. First Choice Bancorp shares are traded on the Nasdaq Capital Market under the symbol “FCBP”.

The First Choice Bank website is www.FirstChoiceBankCA.com.

Forward-looking statements

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and beliefs regarding future developments and their potential effects. about the Company, including, without limitation, plans, strategies and objectives, as well as statements about the Company’s expectations regarding revenue and asset growth, financial performance and profitability, loan growth and deposits, yields and returns, loan diversification and credit management, shareholder value creation and tax rates. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. Actual results may differ materially from those set forth in forward-looking statements due to a variety of factors, including risk factors described in the Company’s filings with the Securities and Exchange Commission.

The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect events or unanticipated events or circumstances after the date of such statements, except as required by law. All statements regarding future operating results, such as those regarding accretion and dilution of the Company’s earnings or shareholders, are for illustrative purposes only, are not forecasts and actual results may differ.

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Robert M. Franko, 562.345.9241
President and CEO
Khoi D. Dang, 562.263.8336
Executive Vice President and General Counsel