April 23, 2010 (FinancialWire) –  The board of CoBiz Financial (NASDAQ: COBZ) has declared a $0.01 cash dividend on its common stock for the first quarter of 2010. The dividend will be paid on May 10, 2010, to shareholders of record on May 3, 2010.

Colorado-based CoBiz Financial is a financial holding company that operates Colorado Business Bank and Arizona Business Bank, both of them full-service commercial banking institutions that offer a range of banking services to a customer base of professionals and small to mid-sized businesses.

CoBiz also offers trust and fiduciary services through CoBiz Trust; property and casualty insurance brokerage and employee benefits consulting through CoBiz Insurance; investment banking services through Green Manning & Bunch; the management of stock and bond portfolios for individuals and institutions through Alexander Capital Management Group and Wagner Investment Management; and executive benefits consulting and wealth transfer services through Financial Designs Ltd.

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