CBB Bancorp Declares Quarterly Cash Dividend of $.08 per Share

Rhea-AI Summary

CBB Bancorp, Inc. (OTCQX: CBBI) has declared a quarterly cash dividend of $.08 per common share, payable on February 24, 2023, to shareholders on record as of the close on February 10, 2023. CBB Bancorp operates as the holding company for Commonwealth Business Bank, which serves small-to-medium-sized businesses with ten branches located in Los Angeles, Orange, and Dallas Counties, as well as Honolulu, Hawaii. The bank also has three SBA regional offices and five loan production offices across several states.

Positive

• Quarterly cash dividend of $.08 per share enhances shareholder income.
• Strategic presence with ten branches and multiple offices supports business growth.

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 $.08 per common share. The dividend is payable on February 24, 2023, to all stockholders of record as of the close of business on February 10, 2023.

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; three 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/20230126006019/en/

Douglas J Goddard, EVP & CFO

(323) 988-3010

DouglasG@cbb-bank.com

Source: CBB Bancorp, Inc.

FAQ

What is the dividend amount declared by CBB Bancorp, Inc.?

CBB Bancorp, Inc. declared a quarterly cash dividend of $.08 per common share.

When will CBB Bancorp, Inc. pay its dividend?

The dividend is payable on February 24, 2023.

What is the record date for the CBB Bancorp, Inc. dividend?

The record date for the dividend is February 10, 2023.

How does CBB Bancorp, Inc. support its shareholders?

CBB Bancorp, Inc. supports its shareholders by declaring regular cash dividends.

Where does CBB Bancorp, Inc. operate its branches?

CBB Bancorp, Inc. operates branches in Los Angeles, Orange, Dallas Counties, and Honolulu, Hawaii.