SAN DIEGO, May 5 /PRNewswire/ -- Bank of Commerce (Nasdaq: BCOM) today
announced it will pay its 49th consecutive quarterly cash dividend on the 15th
day of June, 1999, to shareholders of record on the 1st day of June 1999.
Bank of Commerce has 15,011,115 shares outstanding as at March 31, 1999.
San Diego-based Bank of Commerce was recently designated as a Blue Ribbon
Bank for the fourth quarter of 1998 by an independent bank research and
analysis firm, VERIBANC, Inc. Based on Federal Reserve Board data, this
distinctive national honor is accorded to those institutions that demonstrate
exceptional attention to safety, soundness and financial strength.
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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800-758-5804, ext. 123798
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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