Welcome to our dedicated page for Oregon Bancorp news (Ticker: ORBN), a resource for investors and traders seeking the latest updates and insights on Oregon Bancorp stock.
Oregon Bancorp Inc (ORBN) provides community-focused banking services through deposit solutions, commercial lending, and treasury management. This news hub offers investors and stakeholders centralized access to verified updates about the company's operations and market position.
Track official press releases covering earnings reports, regulatory developments, leadership changes, and service expansions. The curated collection includes strategic partnership announcements, branch network updates, and financial product innovations relevant to regional banking.
All content undergoes strict verification to ensure alignment with financial disclosure standards. Users benefit from chronological organization of material spanning operational milestones, risk management initiatives, and community development programs.
Bookmark this page for efficient monitoring of ORBN's evolving strategies in the competitive banking sector. Combine regular reviews with SEC filings and market analysis for comprehensive investment research.
Oregon Bancorp (OTCBB: ORBN) reported net income of $801,000 for Q2 2024, or $0.32 per common share. The company's quarterly return on average assets was 0.7% and return on average equity was 4.4%. The balance sheet expanded by $82.3 million during the quarter, largely due to increased investment in U.S. government securities. This strategy improved net income but led to a decline in net interest margin from 4.2% to 3.4%. The Board of Directors distributed a $0.20 per share quarterly dividend on July 15, 2024. CEO Ryan Dempster noted that economic data suggests a potential reduction in Federal Reserve interest rates later this year, which could lead to lower loan interest rates for borrowers.
Oregon Bancorp (OTCBB: ORBN), the parent company of Willamette Valley Bank, announced a quarterly dividend of $0.20 per share. This dividend will be payable on July 15, 2024, to shareholders who are on record as of July 1, 2024.
Oregon Bancorp operates Willamette Valley Bank, which has four full-service branches in Salem, Keizer, Silverton, and Albany, Oregon, along with six Home Loan Centers in Oregon and Idaho.
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