Malaga Financial Corporation Announces 43rd Consecutive Quarterly Cash Dividend
March 13 2015 - 5:24PM
Business Wire
Malaga Financial Corporation (OTCBB:MLGF) Malaga
Financial Corporation announced today the declaration of a cash
dividend in the amount of 20 cents per share to shareholders of
record on March 27, 2015. The dividend will be paid out on or about
April 3, 2015. Randy C. Bowers, President and CEO, remarked, “Our
continued strong earnings and capital level allow us to reward our
shareholders with a 20 cent quarterly dividend which represents a
3.61% annualized yield based on our most recent closing price of $
22.14. In addition, we are celebrating the 30th anniversary of the
opening of Malaga Bank on March 14, 1985. We look forward to
continuing to serve and support the South Bay community.”
Malaga Bank, a subsidiary of MFC, is a full-service community
bank headquartered on the Palos Verdes Peninsula with six offices
located in the South Bay area of Los Angeles. Malaga Bank has
been rated as the #1 healthiest bank in America by
DepositAccounts.com, the largest and most comprehensive online
publication in the U.S. dedicated to banking/savings (deposits)
information for consumers. Since 1985 Malaga has been
delivering competitive banking services to residents and businesses
of the South Bay, including real estate loan products
custom-tailored to consumers and investors. As the largest
community bank in the South Bay, Malaga is proud of its continuing
tradition of relationship-based banking and legendary customer
service. The Bank’s web site is located at www.malagabank.com.
Malaga Financial CorporationRandy BowersPresident and Chief
Executive Officer(310) 375-9000rbowers@malagabank.com
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