BBCN (ticker: CLFC, exchange: NASDAQ Global Select Market (.O))
News Release -
Center Financial Announces Quarterly Cash Dividend of $0.05 Per Share
LOS ANGELES--(BUSINESS WIRE)--June 13, 2008--Center Financial
Corporation (NASDAQ:CLFC), the holding company of Center Bank, today
announced that its Board of Directors declared a quarterly cash
dividend of $0.05 per share. The cash dividend will be paid on or
about July 9, 2008 to shareholders of record at the close of market on
June 25, 2008.
While the Board intends that Center Financial will continue to pay
cash dividends for the foreseeable future, no assurances are given
that the performance of the company or Center Bank will justify the
payment of cash dividends by Center Financial in any given period, or
that the amount of any cash dividend paid will be the same as or
greater than prior cash dividends paid.
About Center Financial Corporation
Center Financial Corporation is the holding company of Center
Bank, a community bank offering a full range of financial services for
diverse ethnic and small business customers. Founded in 1986 and
specializing in commercial and SBA loans and trade finance products,
Center Bank has grown to be one of the nation's largest financial
institutions focusing on the Korean-American community, with total
assets of $2.16 billion at March 31, 2008. Headquartered in Los
Angeles, Center Bank operates 26 branch and loan production offices.
Of the company's 19 full-service branches, 16 are located throughout
Southern California, along with one branch in Chicago and two in
Seattle. Center Bank's seven loan production offices are strategically
located in Seattle, Denver, Washington D.C., Atlanta, Dallas, Houston
and Northern California. Center Bank is a California state-chartered
institution and its deposits are insured by the FDIC to the extent
provided by law. For additional information on Center Bank, visit the
company's Web site at www.centerbank.com.
CONTACT: PondelWilkinson Inc.
SOURCE: Center Financial Corporation