OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share

Rhea-AI Summary

• English
• French
• German
• Italian
• Korean
• Spanish

OP Bancorp, the holding company of Open Bank, declared a quarterly cash dividend of $0.12 per share. The dividend is payable on a specified date to shareholders of record as of a specific date. This announcement reflects the Company's commitment to returning value to its shareholders through regular dividend payments.

Positive

• The declared quarterly cash dividend of $0.12 per share showcases the Company's commitment to shareholder value.
• The dividend payment is a way for OP Bancorp to reward its shareholders for their investment.
• This announcement highlights the financial stability and profitability of OP Bancorp as a company.
• The dividend payout reflects the Company's confidence in its financial position and future prospects.
• Shareholders of OP Bancorp will receive $0.12 per share as part of the quarterly cash dividend.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about May 23, 2024 to all shareholders of record as of the close of business on May 9, 2024.

About OP Bancorp

OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank is engaged in the general commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California; the Dallas metropolitan area in Texas; and Clark County in Nevada and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates with eleven full service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, and Santa Clara, California; Carrollton, Texas; and Las Vegas, Nevada. The Bank also has four loan production offices in Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; and Lynnwood, Washington. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com Member FDIC, Equal Housing Lender.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240425547313/en/

Investor Relations

OP Bancorp

Christine Oh

EVP & CFO

213.892.1192

Christine.oh@myopenbank.com

Source: OP Bancorp

FAQ

What is the quarterly cash dividend amount declared by OP Bancorp?

OP Bancorp declared a quarterly cash dividend of $0.12 per share of its common stock.

When will the dividend be payable to shareholders?

The dividend declared by OP Bancorp is payable on a specified date.

What is the ticker symbol for OP Bancorp?

The ticker symbol for OP Bancorp is OPBK.

Who declared the quarterly cash dividend for OP Bancorp?

The Board of Directors of OP Bancorp declared the quarterly cash dividend.

Which bank is associated with OP Bancorp?

Open Bank is the bank associated with OP Bancorp.