CBB Bancorp Declares Quarterly Cash Dividend of $.075 per share

Rhea-AI Summary

CBB Bancorp, Inc. has announced a quarterly cash dividend of $.075 per common share, payable on November 26, 2021. Stockholders of record as of November 12, 2021 will receive this dividend. The company operates CBB Bank, serving small to medium-sized businesses with ten branches in Los Angeles, Orange, Dallas, and Honolulu, along with multiple loan production offices across the U.S.

Positive

• Quarterly cash dividend of $.075 per share declared.
• Confidence shown in shareholder returns with regular dividend payments.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- CBB Bancorp, Inc. (the "Company') (OTCQX: CBBI) announced today that its Board of Directors declared a quarterly cash dividend of $.075 per common share. The dividend is payable on or about November 26, 2021, to all stockholders of record as of the close of business on November 12, 2021.

About CBB Bancorp, Inc.:

CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as “CBB Bank.” The Bank has ten full-service branches in Los Angeles, Orange, and Dallas Counties and Honolulu, Hawaii; two SBA regional offices in Los Angeles and Dallas Counties; and five loan production offices in Texas, Georgia, Colorado, and Washington.

For additional information, please go to www.cbb-bank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211029005093/en/

Douglas J Goddard, EVP & CFO

(323) 988-3010

DouglasG@cbb-bank.com

Source: CBB Bancorp, Inc.

FAQ

What is the dividend amount for CBBI announced in October 2021?

CBBI announced a quarterly cash dividend of $.075 per common share.

When is the dividend payable for CBBI?

The dividend is payable on or about November 26, 2021.

What is the record date for the CBBI dividend?

The record date for the dividend is November 12, 2021.

What business does CBB Bancorp, Inc. operate?

CBB Bancorp, Inc. operates as CBB Bank, serving small to medium-sized businesses.