County Bancorp, Inc.: Declares quarterly dividend
MANITOWOC, Wis., Feb. 22, 2019 (GLOBE NEWSWIRE) -- County Bancorp, Inc. (NASDAQ: ICBK), the parent company for Investors Community Bank, announced that on February 19, 2019 its Board of Directors declared a quarterly cash dividend of $0.05 per share. The dividend will be payable on March 22 to shareholders of record as of March 8, 2019.
“We plan on actively managing our credit and wholesale funding exposure in 2019,” stated Tim Schneider, President of County Bancorp, Inc. and CEO of Investors Community Bank. “We need to prudently control capital; and with the active management of our balance sheet and lower earnings expected in 2019, we are lowering the dividend per share in comparison to 2018.”