FNB Bancorp (OTCBB: FNBG), the holding company for First National Bank of Northern California, announced that its Board of Directors has declared a quarterly cash dividend of five cents per share on the Company's Common Stock totaling approximately $151,520.90. The dividend is payable on November 13, 2009 to shareholders of record as of October 30, 2009.
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Tom McGraw, Chief Executive Officer, has stated, “We are committed to pursuing long-term depository relationships and providing our customers a safe and convenient place to borrow prudently and make investment in depository products. The Company and the Bank are well capitalized and positioned to navigate these difficult economic times and perform well when the economy begins to improve again. For over forty-five years we have faithfully served our customers, our communities, and our shareholders. We continue to demonstrate, on a daily basis, our ability to deliver products and services that provide the financial solutions our customers seek as well as explore new products and services designed to increase our customers' satisfaction in their banking relationship with us. While our short-term results are disappointing, our responsibility as management is to protect the long-term safety and soundness of our bank and our strategies reflect that objective.”
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