SOURCE: Seacoast Commerce Banc Holdings

Seacoast Commerce Banc Holdings

May 18, 2016 19:00 ET

Seacoast Commerce Banc Holdings Announces Quarterly Dividend

SAN DIEGO, CA--(Marketwired - May 18, 2016) - Seacoast Commerce Banc Holdings (OTC PINK: SCBH) ("Company"), the parent company of Seacoast Commerce Bank ("Bank"), announced today that the Board of Directors has declared the Company's first regular quarterly cash dividend of $0.05 per common share. The cash dividend is payable on or about June 10th, 2016, to shareholders of record as of the close of business on June 2nd, 2016.

About Seacoast Commerce Banc Holding: Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank. Both the Company and the Bank are headquartered in San Diego, California, with the Bank having full-service banking branches in San Diego and Chula Vista, California, and production offices in San Diego, Orange County, Los Angeles, Sacramento and San Ramon, California; Phoenix, Arizona; Denver, Colorado; Las Vegas and Reno, Nevada; Houston and Dallas, Texas; and Bellevue, Washington. For more information on Seacoast Commerce Banc Holdings, please visit www.scbholdings.com; to learn more about Seacoast Commerce Bank, visit www.sccombank.com, or contact Richard M. Sanborn, President and Chief Executive Officer at 858-432-7001, or rsanborn@scbholdings.com.

This press release may contain some non-GAAP financial analysis provided to supplement information regarding the Company and Bank's performance, and to enhance investors' overall understanding of such financial performance.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance, and regulatory matters. The Company and Bank are not under any obligation -- and expressly disclaims any such obligation -- to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise. Therefore, the information set forth in such forward-looking statements should be carefully considered when evaluating the business prospects of the Company.

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