Paradise Bank Pays First Dividend

BOCA RATON, Fla.--(BUSINESS WIRE)--Paradise Bank, a community bank based in Boca Raton, Florida has announced the payment of a dividend distribution of 73¢ per share to shareholders of the bank.

“The Board of Directors and management are very pleased that the financial performance of Paradise Bank has allowed us to declare this strong dividend”

“Our dream of providing excellent community banking services along with great dividends to our shareholders has been our focus all along and it is a very good feeling to achieve this important milestone,” said Bill Burke, President and COO of the Bank.

“The Board of Directors and management are very pleased that the financial performance of Paradise Bank has allowed us to declare this strong dividend,” said Ward Kellogg, Chairman and CEO of the Bank.

Paradise Bank is a locally owned community bank with its main office at 2420 North Federal Highway in Boca Raton and branch offices at 1351 North Federal Highway in Delray Beach and 540 North Federal Highway in Fort Lauderdale. For additional information, please call us at 561-392-5444 or check our website at www.ParadiseBank.com. Member FDIC and Equal Housing Lender.

"This information contains “forward-looking statements” within the meaning of the federal securities laws. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Forward-looking statements involve known and unknown risks, on certainties and other factors, which may be beyond our control or which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements."