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Oregon Bancorp Inc (symbol: ORBN) is a financial services holding company based in Oregon. The company primarily engages in commercial banking services through its subsidiary, Willamette Valley Bank. Its core business operations include offering a wide range of financial products and services to individual and commercial customers.
Oregon Bancorp takes pride in providing community-focused banking solutions, including personal and business loans, mortgages, and various deposit accounts. The company has established itself as a reliable partner for both personal and professional financial needs, ensuring customer satisfaction through personalized service and innovative banking solutions.
Recent achievements of Oregon Bancorp include significant growth in its loan portfolio and an increase in its deposit base, reflecting customer trust and satisfaction. The company is also actively engaged in several community development projects, demonstrating its commitment to the growth and development of the regions it serves.
Financially, Oregon Bancorp maintains a strong and stable condition, showcasing consistent profitability and robust capital reserves. The company continues to explore new partnerships and expand its product offerings to meet the evolving needs of its customers.
For investors and stakeholders, Oregon Bancorp's performance is an indicator of its strategic vision and effective management. The company's recent endeavors are aimed at enhancing shareholder value while maintaining a strong focus on community banking principles.
Stay tuned for the latest news and updates from Oregon Bancorp, Inc. to keep abreast of the company's performance, events, and significant developments.
Oregon Bancorp (OTCBB: ORBN), parent company of Willamette Valley Bank, has announced a quarterly dividend of $0.20 per share, payable on January 15, 2025, to shareholders of record as of January 2, 2025. The company operates four full-service branch locations across Salem, Keizer, Silverton, and Albany, Oregon, along with six Home Loan Centers in Oregon and Idaho.
Oregon Bancorp, parent company of Willamette Valley Bank, reported net income of $1,017,000 or $0.41 per common share for the third quarter of 2024. The company achieved a quarterly return on average assets of 0.9% and a return on average equity of 5.6%. Compared to the previous quarter, net income increased from $801,000 to $1,017,000. The company's balance sheet expanded by $16.0 million in assets, primarily due to a $31.8 million increase in deposits. The net interest margin improved from 3.4% to 3.5%. However, residential loan origination volume decreased from $75 million to $63 million. The Board of Directors distributed a $0.20 per share quarterly dividend on October 15, 2024.
Oregon Bancorp, parent company of Willamette Valley Bank, has announced a quarterly dividend of $0.20 per share. The dividend is set to be paid on October 15, 2024, to shareholders of record as of October 1, 2024.
Oregon Bancorp operates as a community bank with four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. Additionally, the bank manages six Home Loan Centers across Oregon and Idaho, offering both commercial and retail banking services.
Oregon Bancorp (OTCBB: ORBN) reported net income of $801,000 for Q2 2024, or $0.32 per common share. The company's quarterly return on average assets was 0.7% and return on average equity was 4.4%. The balance sheet expanded by $82.3 million during the quarter, largely due to increased investment in U.S. government securities. This strategy improved net income but led to a decline in net interest margin from 4.2% to 3.4%. The Board of Directors distributed a $0.20 per share quarterly dividend on July 15, 2024. CEO Ryan Dempster noted that economic data suggests a potential reduction in Federal Reserve interest rates later this year, which could lead to lower loan interest rates for borrowers.
Oregon Bancorp (OTCBB: ORBN), the parent company of Willamette Valley Bank, announced a quarterly dividend of $0.20 per share. This dividend will be payable on July 15, 2024, to shareholders who are on record as of July 1, 2024.
Oregon Bancorp operates Willamette Valley Bank, which has four full-service branches in Salem, Keizer, Silverton, and Albany, Oregon, along with six Home Loan Centers in Oregon and Idaho.
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