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. This dividend will be payable on May 27, 2022, to stockholders of record as of the close of business on May 13, 2022. The company is the holding entity for Commonwealth Business Bank, which operates ten branches across California and Hawaii, focusing on small- to medium-sized businesses. This move reinforces CBBI’s commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $.08 announced.
• Dividend payable to stockholders, reflecting positive financial position and commitment to shareholders.

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 May 27, 2022, to all stockholders of record as of the close of business on May 13, 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/20220428006370/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 for CBB Bancorp, Inc. payable?

The dividend is payable on May 27, 2022.

Who is eligible to receive the CBB Bancorp dividend?

Stockholders of record as of the close of business on May 13, 2022, are eligible to receive the dividend.

What is CBB Bancorp, Inc.'s stock symbol?

CBB Bancorp, Inc.'s stock symbol is CBBI.