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 share, payable on August 26, 2022, to shareholders of record as of August 12, 2022. This dividend reflects the company’s ongoing commitment to returning value to its shareholders. CBB Bancorp operates Commonwealth Business Bank, which focuses on serving small- to medium-sized businesses with multiple branches across California and Hawaii.

Positive

• Dividend of $.08 per share demonstrates commitment to shareholder returns.

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 August 26 2022, to all stockholders of record as of the close of business on August 12, 2022.

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/20220728006111/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 (CBBI)?

CBB Bancorp declared a dividend of $.08 per common share.

When will the dividend be paid to shareholders of CBB Bancorp?

The dividend will be paid on August 26, 2022.

What is the record date for CBB Bancorp's dividend?

The record date for the dividend is August 12, 2022.

How does the dividend impact shareholders of CBB Bancorp (CBBI)?

The dividend provides a return on investment and reflects the company's commitment to shareholders.