First Citizens Bank to Pay 10% Shareholder Dividend

First Citizens Bank in Sherman Oaks announced it will pay a 10% stock dividend to all shareholders as of Sept. 15, 1988. Established two years ago to cater primarily to business customers, First Citizens said it will pay shareholders on or about Oct. 1. The bank, which only has one branch, had $25.9 million in assets and $22.5 million in deposits as of June 30.