CBB Bancorp, Inc. Announces a 10% Stock Dividend
LOS ANGELES--(BUSINESS WIRE)--Oct 3, 2018--CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQB: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced the declaration of a 10% stock dividend to shareholders of record on October 15, 2018 and payable on October 29, 2018.
“This stock dividend reflects the continued confidence we have in our financial performance and our desire to increase the overall number of shares in the market,” said Joanne Kim, CEO.
“We remain committed to serving our loyal customers and appreciate the continued support of shareholders,” said Chairwoman Soon Han Pak.
ABOUT CBB Bancorp, Inc.
CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small- to medium-sized businesses and does business as “CBB Bank.” The Bank has eight full service branches in Los Angeles and Orange Counties in California, and Dallas County in Texas; two SBA regional offices in Los Angeles and Dallas counties; and six loan production offices in the states of Texas, Georgia, Colorado, Utah and Washington.
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include, but are not necessarily limited to, fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which CBB Bancorp, Inc. conducts its operations, including the real estate markets in California and Texas, and other factors beyond CBB Bancorp, Inc.’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. CBB Bancorp, Inc. undertakes no obligation to revise these forward-looking statements publicly to reflect subsequent events or circumstances except to the extent required by law.
For additional information, please go to www.cbb-bank.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005247/en/
CONTACT: CBB Bancorp, Inc.
J. Duncan Smith
EVP & Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: CBB Bancorp, Inc.
Copyright Business Wire 2018.
PUB: 10/03/2018 09:00 AM/DISC: 10/03/2018 09:01 AM