Oregon Bancorp Doubles Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Oregon Bancorp (OTCBB: ORBN) has announced a quarterly dividend of $0.52 per share, marking a significant increase of 100% from the previous dividend of $0.26. This dividend is scheduled for payment on October 15, 2021, to shareholders recorded as of October 1, 2021. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates four full-service branches in Oregon and multiple Home Loan Centers.

Positive

• Quarterly dividend increased from $0.26 to $0.52 per share, representing a 100% increase.
• Strong dividend payout reflects confident 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. This represents an increase of $0.26 per share, or 100%, over the prior quarterly dividend amount. The dividend is payable on October 15, 2021 to shareholders of record as of October 1, 2021.

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/20210917005475/en/

Ryan Dempster

Oregon Bancorp, Inc.

503-485-2222

ryan@wvbk.com

Source: Oregon Bancorp, Inc.

FAQ

What is the new dividend amount for Oregon Bancorp (ORBN)?

The new quarterly dividend amount for Oregon Bancorp (OTCBB: ORBN) is $0.52 per share.

When will Oregon Bancorp pay the dividend?

The dividend for Oregon Bancorp will be payable on October 15, 2021.

What was the previous dividend amount for Oregon Bancorp before the increase?

The previous quarterly dividend amount for Oregon Bancorp was $0.26 per share.

What is the record date for the dividend payment for Oregon Bancorp?

The record date for the dividend payment for Oregon Bancorp is October 1, 2021.