SALEM, Ore. – February 22, 2022 – 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 $2.00 per share payable on March 14, 2022 to shareholders of record as of February 28, 2022. “We are proud that our financial success in 2021 enables us the opportunity to return a sixth annual special dividend to our shareholders,” stated Ryan Dempster, President and Chief Executive Officer. “The strength of our earnings and balance sheet provide us the ability to distribute a significant portion of earnings while maintaining sufficient capital for future asset growth without dilutive capital raises.”
Oregon Bancorp, Inc.
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.