WALNUT CREEK, Calif. - BayCom Corp (NASDAQ:BCML), the holding company for United Business Bank, has revised the record date for its previously announced quarterly cash dividend of $0.10 per share.
Due to regulatory and statutory requirements of the NASDAQ Global Select Market, the new record date is set for March 16, 2024. The payment date for the dividend remains unchanged and is scheduled for April 12, 2024.
This update follows the company's initial announcement made on February 22, 2024, concerning the dividend. The adjustment ensures compliance with NASDAQ's marketplace rules.
BayCom Corp (BCML) operates through its subsidiary, United Business Bank, to provide a variety of loan products, including SBA, CalCAP, FSA, and USDA guaranteed loans, as well as deposit services. The bank serves businesses in California, Washington, New Mexico, and Colorado. It is an Equal Housing Lender and a member of the FDIC.
The company's press release also included a standard safe-harbor statement, cautioning that certain statements might be "forward-looking" and subject to various risks and uncertainties. These statements pertain to BayCom's financial condition, operational results, future performance, and dividend payment capabilities.
The company highlighted that actual future results may differ materially from those suggested by any forward-looking statements due to a range of risk factors, such as those listed in BayCom's Annual Report on Form 10-K/A for the year ended December 31, 2022.
Investors are reminded that forward-looking statements are not guarantees of future performance and that BayCom does not undertake any obligation to update or revise such statements to reflect subsequent events or circumstances.
The information provided is based on a press release statement from BayCom Corp.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.