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Bank to pay its first dividends to shareholders

Friday, August 10, 2018

Clatsop Community Bank will issue dividends to shareholders for the first time, the board of directors announced Wednesday.

The dividend of 5 cents per share will be paid Aug. 15 to shareholders of record as of Aug. 6.

“Strong community support and the hard work of our talented team have contributed to our consistent profitability, and have made this significant milestone possible,” President Joe Schulte said.

The bank marked its 10th anniversary in April.

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