Contact Information: Contact: Mark Garwood Epic Bancorp (415) 526-6400
Epic Bancorp Announces 4-Cent per Share Fourth Quarter Dividend
| Source: Epic Bancorp
SAN RAFAEL, CA -- (MARKET WIRE) -- November 15, 2006 -- Epic Bancorp (NASDAQ : EPIK ) (the "Company"),
parent company of Tamalpais Bank and Epic Wealth Management, today
announced the declaration of a 4-cent per share fourth quarter dividend,
payable on January 16, 2007, to shareholders of record as of December 29,
2006. The Company has previously declared quarterly dividends of 3 cents
per share in 2005 and 4 cents per share in the first three quarters of
2006.
"We are pleased to announce the payment of our twelfth consecutive
quarterly dividend," said Mark Garwood, CEO of Epic Bancorp. "Paying
dividends is an important aspect of delivering on our ongoing plan to
increase shareholder value, and we are happy to share our increased success
with our shareholders."
About Epic Bancorp
Epic Bancorp (www.epicbancorp.com), based in San Rafael, is the parent
company of Tamalpais Bank and Epic Wealth Management. The Company had $509
million in assets and $358 million in deposits as of September 30, 2006.
Shares of the Company's common stock are traded on the NASDAQ Capital
Market System under the symbol EPIK. For additional information, please
contact Mark Garwood at 415-526-6400.
About Tamalpais Bank
Tamalpais Bank's (www.tambank.com) seven branches are located in Marin
County. The branches are located in Corte Madera, Greenbrae, Mill Valley,
San Anselmo, San Rafael, Terra Linda, and Tiburon / Belvedere. Tamalpais
also has two loan production offices located in Sacramento and in Santa
Rosa.
About Epic Wealth Management
Epic Wealth Management (www.epicwm.com) specializes in helping clients of
Tamalpais Bank and other high net worth families reach their lifetime
financial goals through a collaborative, comprehensive and
education-oriented approach to investment management. Epic Wealth
Management is located at 851 Irwin Street in San Rafael. For additional
information about Epic Wealth Management, contact Loral Good at
415-526-4300.
This news release contains forward-looking statements with respect to the
financial condition, results of operation and business of Epic Bancorp and
its subsidiaries. These include, but are not limited to, statements that
relate to or are dependent on estimates or assumptions relating to the
prospects of loan growth, credit quality, changes in securities or
financial markets, and certain operating efficiencies resulting from the
operations of Tamalpais Bank and Epic Wealth Management. These
forward-looking statements involve certain risks and uncertainties. Factors
that may cause actual results to differ materially from those contemplated
by such forward-looking statements include, among others, the following
possibilities: (1) competitive pressure among financial services companies
increases significantly; (2) changes in the interest rate environment
reduce interest margins; (3) general economic conditions, internationally,
nationally or in the State of California are less favorable than expected;
(4) legislation or regulatory requirements or changes adversely affect the
businesses in which the consolidated organization is or will be engaged;
(5) the ability to satisfy the requirements of the Sarbanes-Oxley Act and
other regulations governing internal controls; (6) volatility or
significant changes in the equity and bond markets which can affect overall
growth and profitability or our wealth management business, and (7) other
risks detailed in the Epic Bancorp filings with the Securities and Exchange
Commission. When relying on forward-looking statements to make decisions
with respect to Epic Bancorp, investors and others are cautioned to
consider these and other risks and uncertainties. Epic Bancorp disclaims
any obligation to update any such factors or to publicly announce the
results of any revisions to any of the forward-looking statements contained
herein to reflect future events or developments.