California-based Santa Cruz County Bank's board declares 2-for-1 stock split

Santa Cruz County Bank's board declared a 2-for-1 stock split of the bank's common shares.

The additional shares will be paid March 14 to shareholders of record as of the close of business March 3.

The stock split will increase the Santa Cruz, Calif.-based company's outstanding shares to more than 8.5 million from roughly 4.25 million, said Chairman William Hansen in a news release.