SALEM, Ore.–(BUSINESS WIRE)–Oregon Bancorp, Inc. (OTCBB:ORBN) (the “Company”), parent company of Willamette Valley Bank, announced today that its Board of Directors declared a special cash dividend of $1.20 per share payable on March 15, 2018, to shareholders of record as of March 1, 2018.
“Our continuing financial success in 2017 has enabled us to reward our loyal shareholders with a portion of our earnings,” said Neil Grossnicklaus, President and CEO. “Our balance sheet is well positioned to sustain future asset growth and allow us to take advantages of opportunities as they arise.”
Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service branches in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates Home Loan Centers in Bend, Eugene, Grants Pass, Medford, Portland, Tualatin, and West Linn, Oregon; Spokane, Newport, and Vancouver, Washington; and Coeur d’Alene and Meridian, Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2221 or visit our website at www.willamettevalleybank.com.
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