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OP Bancorp declares quarterly cash dividend of $0.10 per share

OP Bancorp (the “Company”) OPBK, the holding company of Open Bank (the “Bank”), today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share. The dividend is payable on or about May 26, 2022 to all shareholders of record at the close of business on May 12, 2022.

About OP Bancorp

OP Bancorp, the holding company of Open Bank (the “Bank”), is a California corporation whose common stock trades on the Nasdaq Global Market under the symbol “OPBK”. The Bank is engaged in general commercial banking activities in Los Angeles, Orange and Santa Clara counties, California, and Carrollton, Texas, and is focused on serving the banking needs of small and medium-sized businesses, professionals and residents with a particular focus on Korean communities and other ethnic minorities. The Bank currently operates with ten full-service branches in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park and Santa Clara, California and Carrollton, Texas. The Bank also has four loan origination offices in Atlanta, Georgia, Aurora, Colorado, and Lynnwood and Seattle, Washington. The Bank began operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its head office is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Telephone 213.892.9999; FDIC Member, Equal Housing Lender.