||Contact: Roy Estridge, EVP/COO/CFO|
||Valley Commerce Bancorp|
||(559) 622-9000 |
VALLEY COMMERCE BANCORP DECLARES CASH DIVIDEND
November 21, 2012 – Valley Commerce Bancorp, parent of Valley Business Bank, today announced that its Board of Directors
has declared a cash dividend of $0.08 per share. The dividend will be paid on or about December 27, 2012 to shareholders of record
as of December 6, 2012.
The cash dividend will
be the third paid by the company in 2012. The two prior cash dividends were each $0.04 per share and were paid on June 28, 2012
and September 27, 2012. The Board increased the December dividend to $0.08 per share as a one-time benefit to shareholders due
to uncertainty over dividend tax rates after 2012. The Board anticipates considering future quarterly cash dividends following
the end of the second quarter of 2013.
OTHER INFORMATION: Valley Commerce Bancorp
stock trades on NASDAQ’s Over the Counter Bulletin Board under the symbol VCBP. Valley Business Bank, the wholly owned subsidiary
of Valley Commerce Bancorp, is a commercial bank that commenced operations in 1996. Valley Business Bank operates through Business
Banking Centers in Visalia, Tulare, and Fresno, California and has branch offices in Woodlake and Tipton, California. Additional
information about Valley Business Bank is available from the Bank’s website at http://www.valleybusinessbank.net.
FORWARD-LOOKING STATEMENTS: In addition
to historical information, this release includes forward-looking statements, which reflect management's current expectations for
Valley Commerce Bancorp’s future financial results, business prospects and business developments. Management's expectations
for Valley Commerce Bancorp's future necessarily involve assumptions, estimates and the evaluation of risks and uncertainties.
Various factors could cause actual events or results to differ materially from those expectations. The forward-looking statements
contained herein represent management's expectations as of the date of this release. Valley Commerce Bancorp undertakes no obligation
to release publicly the results of any revisions to the forward-looking statements included herein to reflect events or circumstances
after today, or to reflect the occurrence of unanticipated events. For those statements, the Company claims the protection of the
safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.