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Press Releases

Wednesday, May 8, 2024 3:58:30 PM

  • Malaga Financial Corporation Announces 63rd Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—March 13, 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 March 24, 2020.  The dividend will be paid out on or about April 1, 2020.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.87% annualized yield based on our most recent closing price of $20.55. Solid earnings and our strong capital level position us to continue to reward our shareholders for their … Read More >

  • Malaga Financial Corporation Reports Record Earnings Fourth Quarter and Year-To-Date 2019

    Palos Verdes Estates, CA – January 17, 2020 – Malaga Financial Corporation (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended December 31, 2019 was $4,287,000 ($0.59 basic and $0.58 fully diluted earnings per share), an increase of $442,000 or 11% from net income of $3,845,000 for the quarter ended December 31, 2018 ($0.53 basic and $0.52 fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2019). Net income for the twelve months ended December 31, 2019 was $15,387,000 ($2.11 basic and $2.10 … Read More >