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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Oregon Bancorp Announces Special Dividend

February 21, 2019

SALEM, Ore.--(BUSINESS WIRE)--Feb 21, 2019--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 $1.00 per share payable on March 15, 2019 to shareholders of record as of March 1, 2019.

“Our exceptional earnings in 2018 enable us to reward our shareholders with our third consecutive special dividend,” said Neil Grossnicklaus, Chief Executive Officer. “We continue to remain focused on maximizing shareholder value through strong earnings and cash dividends.”

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 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, Vancouver, Spokane and Newport, Washington, and Coeur d’Alene and Meridian, Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503) 485-2222 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/20190221005998/en/

CONTACT: Neil Grossnicklaus or

Ryan Dempster

Oregon Bancorp, Inc.

503-763-6346

neil@wvbk.com

KEYWORD: UNITED STATES NORTH AMERICA OREGON

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING

SOURCE: Oregon Bancorp, Inc.

Copyright Business Wire 2019.

PUB: 02/21/2019 04:49 PM/DISC: 02/21/2019 04:49 PM

http://www.businesswire.com/news/home/20190221005998/en