Second Quarter Cash Dividend Announcement

0001004740-07-000030.txt : 20070501 0001004740-07-000030.hdr.sgml : 20070501 20070430181051 ACCESSION NUMBER: 0001004740-07-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070430 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070501 DATE AS OF CHANGE: 20070430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL CORP OF THE WEST CENTRAL INDEX KEY: 0001004740 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770405791 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27384 FILM NUMBER: 07802442 BUSINESS ADDRESS: STREET 1: 550 W MAIN STREET CITY: MERCED STATE: CA ZIP: 95340 BUSINESS PHONE: 2097252200 MAIL ADDRESS: STREET 1: 550 W MAIN STREET CITY: MERCED STATE: CA ZIP: 95340 8-K 1 form8k.htm SECOND QUARTER CASH DIVIDEND ANNOUNCEMENT Second Quarter Cash Dividend Announcement

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

---------------

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): April 30, 2007

CAPITAL CORP OF THE WEST

(Exact Name of Registrant as Specified in Charter)

California	0-27384	77-0147763
(State or Other Jurisdiction	(Commission File	(IRS Employer
of Incorporation)	Number)	Identification No.)

550 West Main Street, Merced, California 95340

(Address of Principal Executive Offices) (Zip Code)

(209) 725-2200

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01 Other Events

On April 30, 2007, Capital Corp of the West (Nasdaq: CCOW) announced that its board of directors had declared a $.11 per share second quarter 2007 cash dividend for shareholders of record as of May 11, 2007, payable on June 1, 2007. A copy of the press release related to this dividend announcement appears as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

ITEM 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Not Applicable

(b) Pro Forma Financial Information.

Not Applicable

99.1 Copy of press release, dated April 30, 2007, issued by Capital Corp of the West.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Capital Corp of the West

------------------------------

(Registrant)

Dated: April 30, 2007	By/s/ David A. Heaberlin
	David A. Heaberlin
	Executive Vice President and Chief Financial Officer

EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Exhibit 99.1

PRESS RELEASE

Available for Immediate Publication: April 30, 2007

Contacts: Thomas T. Hawker, President / Chief Executive Officer (209) 725-2276

David Heaberlin, EVP / Chief Financial Officer (209) 725-7435

Web Site www.ccow.com

Capital Corp of the West Increases Cash Dividend

To $0.11 per Share

Merced, California, April 30, 2007 -Capital Corp of the West (NASDAQ:NMS: CCOW), the holding company for County Bank, Central California’s Community Bank, announced today, that on April 24, 2007 its board of directors had declared a $0.11 cash dividend on the company’s common stock. The dividend is payable on June 1, 2007 to stockholders of record as of May 11, 2007.

“This cash dividend of $0.11 per share marks our fourteenth consecutive quarter of cash dividends that began in the first quarter of 2004”, stated Tom Hawker Chief Executive Officer of Capital Corp of the West. This increase, to $0.11 per share, represents a 37.5% increase over the previous level of $0.08 per share and a 120% increase over the Q1 2006 level of $0.05 per share. “We believe it is important, while bank stocks are out of favor, to acknowledge the importance of total return and so we are pleased to provide our shareholders with an increased cash dividend yield. Meanwhile, our 29 retail branches and six corporate lending centers, continue to offer a broad range of products and services to existing and new customers within the Central Valley.” continued Mr. Hawker.

Capital Corp of the West, a California bank holding company established on November 1, 1995, is the parent company of County Bank, which is currently celebrating its 30th year of service as “Central California’s Community Bank.” Currently County Bank has twenty nine branch offices and six Business Lending Centers serving the counties of Fresno, Madera, Mariposa, Merced, Sacramento, Stanislaus, San Joaquin, San Francisco, Santa Clara and Tuolumne. As of the latest FDIC data, County Bank has 7.5% market share in the six Central California counties in which it has significant retail branches. This ranks County Bank fifth out of thirty-seven banking institutions in this market area. For further information about the Company’s financial performance, contact Tom Hawker, President and Chief Executive Officer at (209) 725-2276, or Dave Heaberlin, Treasurer and Chief Financial Officer, at (209) 725-7435.