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, payable on January 17, 2023, to shareholders of record as of January 3, 2023. This decision reflects the company's ongoing commitment to return value to its shareholders. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates several branches across Oregon. The bank engages in a range of commercial and retail banking activities, enhancing its position in the local community.

Positive

• Quarterly dividend of $0.52 per share enhances shareholder income.
• Demonstrates company confidence in financial stability and growth.

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 January 17, 2023 to shareholders of record as of January 3, 2023.

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 16 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/20221219005726/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. for January 2023?

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

When is the dividend payable for Oregon Bancorp, Inc.?

The dividend is payable on January 17, 2023.

What is the record date for Oregon Bancorp, Inc.'s dividend?

The record date for the dividend is January 3, 2023.

What is the significance of the $0.52 dividend for ORBN shareholders?

The $0.52 dividend reflects the company's commitment to returning value to its shareholders.