March 30, 2010 (FinancialWire) — The board of directors of Malaga Financial Corp. (OTCBB: MLGF) has declared a cash dividend in the amount of 8 cents per share to shareholders of record on April 9, 2010. The dividend will be paid out on or about April 14, 2010.

The dividend represents the 23rd consecutive quarterly cash dividend paid by the company.

California-based Malaga Bank is a community bank headquartered on the Palos Verdes Peninsula with branch offices located on the Peninsula, in Torrance and San Pedro all in southern, coastal sections of Los Angeles.

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