Celebrating the bank’s resurgent profitability, directors of...

Celebrating the bank’s resurgent profitability, directors of CommerceBank of Newport Beach have voted to add a cash dividend to the 5% stock dividend they’ve been awarding shareholders for the past five years.

The cash dividend of 10 cents a share will total $104,949 and represents slightly more than 10% of the bank’s net 1984 profit of $1.02 million. Both dividends are payble March 12 to shareholders of record Feb. 20. Lance Blue, vice chairman and chief executive of the six-year-old commercial bank, said the bank’s 1 million-plus current shares outstanding are held by about 550 stock owners.

Ericsson Information Systems in Garden Grove has received an order, worth nearly $1 million, for an MD110 digital telephone switching system from the Polaroid Corp. The system will be installed a Polaroid plant in Norwood, Mass.