Oregon Bancorp Announces Special Dividend

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 $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 provides us the ability to distribute a significant portion of earnings while maintaining sufficient capital for future asset growth without dilutive capital raises.”

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 [phone] or visit our website at www.willamettevalleybank.com.

Forward-Looking Statements

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