Oregon Bancorp Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Oregon Bancorp declared a quarterly dividend of $0.52 per share, payable on April 17, 2023, to shareholders of record as of April 3, 2023. Oregon Bancorp is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon, with four full-service branches and 13 Home Loan Centers across Oregon, Washington, and Idaho. This dividend reflects the company's commitment to returning value to shareholders while maintaining its banking operations effectively.

Positive

• Quarterly dividend of $0.52 per share announced.
• Dividend reflects company confidence in financial performance.

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 April 17, 2023 to shareholders of record as of April 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 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/20230324005318/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 for Q1 2023?

Oregon Bancorp declared a dividend of $0.52 per share.

When is the dividend payment date for Oregon Bancorp?

The dividend is payable on April 17, 2023.

Who qualifies for the dividend from Oregon Bancorp?

Shareholders of record as of April 3, 2023, qualify for the dividend.

What does the dividend indicate about Oregon Bancorp's performance?

The dividend payment indicates the company's confidence in its financial health.