Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Quaint Oak Bancorp, Inc. (OTCQB: QNTO) announced a quarterly cash dividend of $0.13 per share on the common stock payable on February 5, 2024. The company is the parent company for the Quaint Oak Family of Companies, including Quaint Oak Bank and several subsidiary companies. Quaint Oak Bank conducts business through regional offices in the Delaware Valley, Lehigh Valley, and Philadelphia markets. The company also has a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company.

SOUTHAMPTON, Pa., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (OTCQB: QNTO) (the "Company"), the holding company for Quaint Oak Bank, announced today that its Board of Directors at their meeting on January 10, 2024, declared a quarterly cash dividend of $0.13 per share on the common stock of the Company payable on February 5, 2024, to the shareholders of record at the close of business on January 22, 2024.

Quaint Oak Bancorp, Inc., a Financial Services Company, is the parent company for the Quaint Oak Family of Companies. Quaint Oak Bank, a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of the Company, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank’s subsidiary companies include Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak Mortgage, LLC, Quaint Oak Real Estate, LLC, and Oakmont Commercial, LLC, a specialty commercial real estate financing company. All companies are multi-state operations with the exception of Quaint Oak Real Estate, LLC, which operates solely in Pennsylvania. Quaint Oak Bank also has a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” We undertake no obligation to update any forward-looking statements.

Contact:
Quaint Oak Bancorp, Inc. Robert T. Strong President and Chief Executive Officer 215.364.4059

FAQ

What is the ticker symbol for Quaint Oak Bancorp, Inc.?

The ticker symbol for Quaint Oak Bancorp, Inc. is QNTO.

When is the quarterly cash dividend announced by Quaint Oak Bancorp, Inc. payable?

The quarterly cash dividend announced by Quaint Oak Bancorp, Inc. is payable on February 5, 2024.

Where is Quaint Oak Bank headquartered?

Quaint Oak Bank is headquartered in Southampton, Pennsylvania.

What are the subsidiary companies of Quaint Oak Bancorp, Inc.?

The subsidiary companies of Quaint Oak Bancorp, Inc. include Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak Mortgage, LLC, Quaint Oak Real Estate, LLC, and Oakmont Commercial, LLC.

What is the majority equity position held by Quaint Oak Bancorp, Inc.?

Quaint Oak Bancorp, Inc. holds a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company.