U.S. Markets open in 2 hrs 34 mins

Frederick County Bancorp, Inc. Announces Dividend



Frederick County Bancorp, Inc. (the “Company”) (OTCPink Marketplace: FCBI), the parent company for Frederick County Bank (“FCB” or the “Bank”), announced today a quarterly cash dividend on its common stock of $0.08 per share, declared on June 24, 2019. This cash dividend is payable on August 15, 2019 to shareholders of record on July 12, 2019.

“We are pleased to announce our 30th consecutive quarterly cash dividend, reflective of FCB’s financial performance and the Board of Directors’ continued confidence in the future of the Bank,” said President and CEO William R. Talley, Jr. “FCB is able to reward our many loyal shareholders through the concerted efforts of the Bank’s employees and the continued support of the community.

Frederick County Bank is headquartered in Frederick, Maryland, and conducts full service commercial banking services through five bank centers located in Frederick County, Maryland.

The statements in this press release that are not historical facts constitute "forward-looking statements" as defined by Federal Securities laws. Forward-looking statements can generally be identified by the use of forward- looking terminology such as "believes," "expects," "intends," "may," "will," "should," "anticipates" or similar terminology. Such statements, specifically regarding the Company's intentions regarding growth and market expansion, are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, changes in interest rates, deposit flows, loan demand and real estate values, as well as changes in economic, competitive, governmental, regulatory, technological and other factors which may affect the Company specifically, its existing and target market areas or the banking industry generally. Forward-looking statements speak only as of the date they are made. The Company will not update forward-looking statements to reflect factual assumptions, circumstances or events that have changed after a forward-looking statement was made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190625005751/en/