Puyallup-based Valley Community Bancshares, Inc., parent of Valley Bank, reported earnings of $2.07 million, or $1.82 per diluted share, for 2010 – compared to $2.11 million, or $1.84 per diluted share, in the previous year.
The company also reported in a release Thursday afternoon that the board of directors has approved a $1 per-share cash dividend. This is the 37th consecutive year of dividend payment from the bank.
The national rating service BauerFinancial has recognized Valley Bank as one of the strongest banks in the state with a rare five-star rating for strength and stability. Valley has earned the rating for 71 consecutive quarters.