June 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Malaga Financial Corp. (OTCBB: MLGF). The board of Malaga Financial Corp. has declared a cash dividend in the amount of 10 cents per share to shareholders of record on July 12. The dividend will be paid out on or about July 14. The dividend represents the 24th consecutive quarterly cash dividend paid by the company.

California-based Malaga Financial is the parent of Malaga Bank, a community bank headquartered on the Palos Verdes Peninsula in Los Angeles with branch offices located on the Peninsula, in Torrance and now in San Pedro, California. The firm offers banking services to residents and businesses of the South Bay area of LA, as well as real estate loan products for consumers and investors.

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