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

Rhea-AI Summary

CBB Bancorp, Inc. has announced a quarterly cash dividend of $.08 per common share, payable on November 25, 2022. Stockholders of record as of November 10, 2022 will receive this dividend. CBB Bancorp operates as CBB Bank, providing full-service banking for small to medium-sized businesses across ten branches in California, Texas, and Hawaii, along with additional SBA and loan production offices.

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• Declared a quarterly cash dividend of $.08 per share, reflecting income distribution to shareholders.

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• 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 November 25, 2022, to all stockholders of record as of the close of business on November 10, 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/20221027006174/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 is the dividend payment date for CBB Bancorp, Inc.?

The dividend payment date is November 25, 2022.

Who is eligible to receive the dividend from CBB Bancorp, Inc.?

Stockholders of record as of the close of business on November 10, 2022, are eligible to receive the dividend.

How often does CBB Bancorp, Inc. pay dividends?

CBB Bancorp, Inc. typically pays dividends on a quarterly basis.

Is the dividend from CBB Bancorp, Inc. sustainable?

The sustainability of the dividend can be assessed based on the company's financial performance and cash flow.