SAN DIEGO, Feb. 26 /PRNewswire/ -- Bank of Commerce (Nasdaq: BCOM) today
announced it will pay its 48th consecutive quarterly cash dividend of four
cents ($.04) per share, on May 3, 1999 to shareholders of record on March 31,
1999.
San Diego-based Bank of Commerce, one of the nation's largest Small
Business Association (SBA) lenders and the largest SBA lender in California in
dollars loaned, signed a definitive agreement on February 18, 1999, to be
acquired by Minnesota-based U.S. Bancorp (NYSE: USB). A copy of the Agreement
and Plan of Reorganization between U.S. Bancorp and Bank of Commerce is filed
with both the Federal Reserve Bank system and the Nasdaq under cover of a
Form 8-K.
Bank of Commerce presently operates 23 loan production offices in
California, Arizona, Nevada, Idaho, Washington, Oregon, Colorado, Texas,
Illinois, New Mexico, Utah, and Georgia. In addition, Bank of Commerce
operates 10 full service branches in Southern California.
SOURCE Bank of Commerce
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CONTACT:
Peter Q. Davis, Chairman & Chief Executive
Officer, or Margaret Kuhn, First Vice President/Investor
Relations, both of Bank of Commerce, 619-232-2096
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