OP Bancorp Declares Quarterly Cash Dividend of $0.10 per Share

Rhea-AI Summary

OP Bancorp (NASDAQ: OPBK) has declared a quarterly cash dividend of $0.10 per share, payable on February 10, 2022. Shareholders of record by the close of business on February 24, 2022 will receive the dividend. OP Bancorp is the parent company of Open Bank, focused on small- and medium-sized businesses and ethnic minority communities in California and Texas.

Positive

• Quarterly cash dividend of $0.10 per share enhances shareholder value.
• Dividend payment demonstrates company confidence in financial stability.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share of its common stock. The dividend is payable on or about February 10, 2022 to all shareholders of record as of the close of business on February 24, 2022.

About OP Bancorp

OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank is engaged in the general commercial banking business in Los Angeles, Orange, and Santa Clara Counties, California, and Carrollton, Texas and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates with nine full branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park, and Santa Clara, California and Carrollton, Texas. The Bank also has four loan production offices in Atlanta, Georgia, Aurora, Colorado, and Lynnwood and Seattle, Washington. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com Member FDIC, Equal Housing Lender.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005950/en/

Investor Relations

OP Bancorp

Christine Oh

EVP & CFO

213.892.1192

Christine.oh@myopenbank.com

Source: OP Bancorp

FAQ

What is the dividend amount declared by OP Bancorp?

OP Bancorp declared a quarterly cash dividend of $0.10 per share.

When is the dividend payment date for OP Bancorp?

The dividend is payable on February 10, 2022.

Who qualifies for the dividend from OP Bancorp?

Shareholders on record as of February 24, 2022, will qualify for the dividend.

Is the dividend from OP Bancorp sustainable?

The announcement of the dividend reflects the company's confidence in its financial stability, suggesting sustainability.