Cuyamaca Bank Declares 5% Stock Dividend

by C-BW@CLARI.NET (CUYAMACA BANK VIA BIZWIRE) on 2004-04-30 13:13:15

SANTEE, Calif.--(BUSINESS WIRE)--April 30, 2004--The Board of
Directors of Cuyamaca Bank, N.A. (the "Bank") (OTCBB:CUYA) has
declared a five percent (5%) common stock dividend to shareholders of
record on May 4, 2004, payable May 18, 2004. The stock dividend was
declared by the Board of Directors on April 28, 2004. Fractional
shares will be paid in cash to shareholders based on the closing stock
price as of April 27, 2004 of seventeen dollars ($17.00) per share.
Bruce Ives, the President and CEO of Cuyamaca Bank, said, "This is
the third 5% stock dividend paid by the Bank in recent years. 2003 was
the fourth consecutive year of record earnings and we are very proud
of our record of creating shareholder value."
Founded in 1983, Cuyamaca Bank is an FDIC insured institution and
offers local ownership, responsive management and personalized
service. Cuyamaca Bank serves San Diego County through offices in
Santee, La Mesa, El Cajon, Encinitas and its SBA Department in La
Mesa. Cuyamaca Bank is celebrating 20 years of relationship banking in
San Diego County.
Cuyamaca Bank is traded under the symbol "CUYA" on the
Over-the-Counter Bulletin Board.

This press release includes forward-looking statements that
involve inherent risks and uncertainties. Cuyamaca Bank cautions
readers that a number of important factors could cause actual results
to differ materially from those in the forward-looking statements.
These factors include economic conditions generally, including those
resulting from the terrorist attacks of September 11, 2001 and their
aftermath, and competition in the geographic and business areas in
which Cuyamaca Bank operates, inflation, fluctuations in interest
rates, legislation and governmental regulation. We make no promise to
update any forward-looking statement, whether as a result of changes
in underlying factors, new information, future events or otherwise.