Press Releases

PALOS VERDES ESTATES, CALIF.—May 28, 2021— Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on June 18, 2021.  The dividend will be paid out on or about July 1, 2021.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.10% annualized yield based on our most recent closing price of $24.40. Solid earnings and our strong capital level position us to continue to reward our shareholders for their investment.” … Read More >

Palos Verdes Estates, CA – April 16, 2021 – Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2021 was $4,716,000 ($0.61 basic and fully diluted earnings per share), an increase of $532,000 or 13% from net income of $4,184,000 ($0.54 basic and fully diluted earnings per share) for the quarter ended March 31, 2020. For the first quarter of 2021, the Company’s annualized return on average equity was 11.90% and the annualized return on average assets was 1.43%, as compared to 11.39% and 1.34 … Read More >

PALOS VERDES ESTATES, CALIF.—March 12, 2021— Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on March 25, 2021.  The dividend will be paid out on or about April 1, 2021.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.33% annualized yield based on our most recent closing price of $23.11. Solid earnings and our strong capital level position us to continue to reward our shareholders for their … Read More >

Palos Verdes Estates, CA – January 26, 2021 – Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2020 was $18,335,000 ($2.38 basic and fully diluted earnings per share) compared to $15,387,000 ($2.01 basic and $2.00 fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020) for the twelve months ended December 31, 2019, a 19% increase. Net income for the quarter ended December 31, 2020 was $4,743,000 ($0.62 basic and  fully diluted … Read More >

PALOS VERDES ESTATES, CALIF.—November 13, 2020— Malaga Financial Corporation (OTCPink:MLGF). Malaga Financial Corporation announced today that its Board of Directors had declared a special 5% stock dividend on the company’s common stock outstanding, payable on or about December 29, 2020 to shareholders of record at the close of business on December 14, 2020.  The dividend will be issued in the form of additional shares of common stock. Cash will be issued in lieu of fractional shares. Additionally, a quarterly cash dividend of 25 cents was declared payable to shareholders of record at the … Read More >

Palos Verdes Estates, CA – October 16, 2020 – Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended September 30, 2020 was $4,788,000 ($0.65 basic and fully diluted earnings per share), an increase of $906,000 or 23% from net income of $3,882,000 ($0.53 basic and fully diluted earnings per share, as adjusted for stock dividends declared on November 15, 2019) for the quarter ended September 30, 2019, and an increase of $168,000 or 4% from net income of $4,620,000 ($0.63 basic and fully diluted … Read More >

Palos Verdes Estates, CA – September 11, 2020 – Malaga Financial Corporation (OTCPink:MLGF) - Randy Bowers, Chairman of the Board and President/CEO, today announced the retirement of founding director, Leo Lee, from the Board of Directors of Malaga Financial Corporation and its wholly owned subsidiary Malaga Bank, FSB.

Mr. Bowers remarked, “We are extremely grateful to Mr. Leo Lee for his more than 35 years of service on the boards of both Malaga Financial Corporation and Malaga Bank. Mr. Lee’s wisdom and business judgment were invaluable to the success of the bank, including his term as … Read More >

PALOS VERDES ESTATES, CALIF.—September 11, 2020 - Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on September 24, 2020.  The dividend will be paid out on or about October 1, 2020.    Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.56% annualized yield based on our most recent closing price of $21.94. “We are proud of the dedication of our colleagues in serving our clients during this very difficult … Read More >