City Holding Co. Approves Quarterly Cash Dividend, Payable January 29, 2016; Announces Board Changes
January 25, 2016 at 07:00 pm
Share
On December 16, 2015, the City Holding Co.'s Board approved a quarterly cash dividend of 0.42 cents per share payable January 29, 2016, to shareholders of record as of January 15, 2016.
As previously reported, effective December 31, 2015, Philip L. McLaughlin resigned as Chairman of the Board of Directors of City Holding Company. The Company's Board elected C. Dallas Kayser to succeed Mr. McLaughlin as Chairman of the Board.
City Holding Company is a financial holding company. The Company operates through its wholly owned subsidiary, City National Bank of West Virginia (City National). City National is a retail and consumer-oriented community bank with approximately 98 bank branches. City National provides credit, deposit, and trust and investment management services to its customers. City National include commercial banking, which offers a range of commercial banking services to corporations and other business customers; consumer banking that provides banking services to consumers, including checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts; and various other products. City National also provides mortgage banking services, trust, investment and custodial services, administration of personal trusts and estates, management of investment accounts for individuals, employee benefit plans and charitable foundations.