SALEM, Ore.–(BUSINESS WIRE)–
Oregon Bancorp, Inc. (ORBN), parent company of Willamette Valley Bank, announced today that its Board of Directors declared a special cash dividend of $1.00 per share payable on March 15, 2017, to shareholders of record as of March 1, 2017.
“We are pleased that our strong financial performance has enabled us to share our success with our shareholders,” said Neil Grossnicklaus, President and CEO. “We continue to build on our solid 2016 results and look forward to a prosperous new year for our customers. We hope that current optimism translates into improved business conditions for our clients as we move through 2017.”
Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service Oregon branches in Salem, Keizer, Silverton, and Albany. The Bank also operates Home Loan Centers in Portland, Wilsonville, Tualatin, Eugene, Bend, Grants Pass and Medford, Oregon, Vancouver and Spokane, Washington, and Coeur d’Alene, Priest River and Meridian, Idaho.