Wilshire Bancorp, Inc (WIBC)

[56Chevy]

Wilshire Bancorp Reinstates Quarterly Cash Dividend at $0.03 Per Share

Date : 06/04/2013 @ 4:01PM
Source : GlobeNewswire Inc.
Stock : Wilshire Bancorp, Inc. (MM) (WIBC)
Quote : $6.58 -0.06 (-0.90%) @ 6:10PM

Wilshire Bancorp, Inc. (Nasdaq:WIBC), the parent company of Wilshire State Bank, announced today that the Board of Directors has approved the reinstatement of a quarterly cash dividend. All stockholders of record as of June 30, 2013 will be paid a cash dividend of $0.03 per common share, payable on July 15, 2013.

"We are pleased to reinstate our quarterly cash dividend, which reflects the consistently strong financial performance of the Company," said Jae Whan Yoo, President and Chief Executive Officer of Wilshire Bancorp and Wilshire State Bank. "Along with our ongoing stock repurchase program, the reinstatement of the quarterly cash dividend enables us to return excess capital to shareholders while also maintaining sufficient capital to continue investing in the growth of our franchise."

*Paying back TARP made the dividend possible.

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