LAKEWOOD, NJ/ACCESSWIRE/August 29, 2022/ First Commerce Bank (OTC PINK: CMRB) today announced that its Board of Directors has declared a special dividend of $0.35 per share, payable September 20, 2022, to shareholders of record as of September 6, 2022.
In addition, First Commerce Bank’s Board of Directors approved the commencement of a quarterly cash dividend, beginning in the fourth quarter of 2022. The initial dividend will be $0.04 per share. Payment and registration dates will be announced at the beginning of the fourth quarter.
Donald Mindiak, President and CEO of First Commerce Bank, said: “We are delighted to announce our first cash dividend. Our Board of Directors is focused on delivering a return to our shareholders, and this special dividend and the launch of a regular quarterly dividend are the first two actions taken by our Board of Directors to increase shareholder value. »
About First Commerce Bank
Founded in 2006 and headquartered in Lakewood, New Jersey, the Bank has offices in Allentown, Bordentown, Closter, Englewood, Fairfield, Freehold, Lakewood, Montvale, Robbinsville and Teaneck, New Jersey. The Bank offers businesses and individuals a wide range of loans, deposit products, and personal and business banking services. For more information, visit www.firstcommercebank.com.
Senior Vice President
105 River Avenue
Lakewood New Jersey 08701-4267
Phone: (732) 364-0032 ext. 1245
Direct: (732) 719-6516
Fax: (732) 364-0042
THE SOURCE: First Bank of Commerce