Pacific Continental Corporation Increases Quarterly Cash Dividend to $0.03 from $0.02

Pacific Continental Corporation PCBK today announced the board of directors approved a quarterly cash dividend of $0.03 per share payable September 15, 2011, to shareholders of record on September 5, 2011. The $0.03 per share dividend is an increase of $0.02 per share over the company's June 2011 cash dividend payment. Hal Brown, Pacific Continental's chief executive officer, commented, "Eight quarters of profitability and an outlook that suggests continued positive results provide the rationale for the increase in the cash dividend." Brown added, "I remain confident that Pacific Continental's unique business model and consultative approach to our clients will drive increased shareholder value." As with all of Pacific Continental's dividends, the board reviews a broad range of balance sheet and other performance metrics, including recent and prospective operating performance, the level of accumulated retained earnings, payout ratios, loan concentrations and other company-wide risks, and competitive yield assessments.