Oregon Bancorp Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) has declared a quarterly dividend of $0.52 per share. This dividend is set to be paid on July 15, 2022, to shareholders of record as of July 1, 2022. Oregon Bancorp, the parent company of Willamette Valley Bank, operates four full-service branches in Oregon and also runs 13 Home Loan Centers across Oregon, Washington, and Idaho. This dividend reflects the company’s commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $0.52 per share is declared, showcasing commitment to shareholder value.
• Dividend payment scheduled for July 15, 2022, indicates ongoing financial health.

Negative

• None.

SALEM, Ore.--(BUSINESS WIRE)-- The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, declared a quarterly dividend of $0.52 per share. The dividend is payable on July 15, 2022 to shareholders of record as of July 1, 2022.

About Oregon Bancorp, Inc.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank (Bank), a community bank headquartered in Salem, Oregon. The Bank conducts commercial and retail banking activities at four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates 13 Home Loan Centers located in Oregon, Washington, and Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503) 485-2222 or visit our website at www.willamettevalleybank.com.

Forward Looking Statements

Certain statements in this release may be deemed “forward-looking statements”. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220617005465/en/

Ryan Dempster

Oregon Bancorp, Inc.

503-485-2222

Ryan.Dempster@wvbk.com

Source: Oregon Bancorp, Inc.

FAQ

What is the dividend amount declared by Oregon Bancorp, Inc. (ORBN)?

Oregon Bancorp, Inc. (ORBN) declared a quarterly dividend of $0.52 per share.

When will the dividend for ORBN shareholders be paid?

The dividend for ORBN shareholders will be paid on July 15, 2022.

Who are the shareholders of record for the ORBN dividend?

Shareholders of record for the ORBN dividend are as of July 1, 2022.

Is Oregon Bancorp, Inc. sustainable in paying dividends?

Oregon Bancorp, Inc.'s declaration of a dividend suggests financial stability, but sustainability would depend on future earnings and market conditions.