Oregon Bancorp Announces Quarterly Dividend

Rhea-AI Summary

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.

Positive

• Quarterly dividend of $0.20 per share declared.
• Dividend payable on July 15, 2024, to shareholders of record as of July 1, 2024.
• Oregon Bancorp operates multiple full-service branches and Home Loan Centers.

Negative

• No new strategic business developments or growth initiatives announced.
• No information on financial performance or earnings disclosed.

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 $0.20 per share. The dividend is payable on July 15, 2024, to shareholders of record as of July 1, 2024.

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 six Home Loan Centers located in Oregon 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/20240614108284/en/

Ryan Dempster

Oregon Bancorp, Inc.

503-485-2222

Ryan.Dempster@wvbk.com

Source: Oregon Bancorp, Inc.

FAQ

What dividend did Oregon Bancorp (ORBN) declare?

Oregon Bancorp declared a quarterly dividend of $0.20 per share.

When is the dividend payable for Oregon Bancorp (ORBN) shareholders?

The dividend is payable on July 15, 2024.

Who is eligible for the Oregon Bancorp (ORBN) dividend?

Shareholders of record as of July 1, 2024, are eligible for the dividend.

Where does Oregon Bancorp (ORBN) operate its branches?

Oregon Bancorp operates branch locations in Salem, Keizer, Silverton, and Albany, Oregon.

Where are the Home Loan Centers of Oregon Bancorp (ORBN) located?

The Home Loan Centers are located in Oregon and Idaho.