Cullman Bancorp, Inc. Announces Payment of Annual Cash Dividend of $0.12 Per Share | News

CULLMAN, Alabama–(BUSINESS WIRE)–January 19, 2022–

Cullman Bancorp, Inc. (the “Company”) (Nasdaq: CULL), the holding company of Cullman Savings Bank, announced that the Company has declared the payment of an annual cash dividend. The dividend of $0.12 per share will be paid on February 16, 2022 to shareholders of record on February 1, 2022. This is the company’s first dividend since the completion of its mutual stock conversion and related stock offering. in July 2021.

John A. Riley, III, President and Chief Executive Officer of the Company, said, “This dividend reflects our commitment to building shareholder value following the completion of our second stage conversion. We look forward to continuing to provide such value in the future.

Forward-looking statements

Certain statements contained herein constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform. Act 1995. These statements can be identified by words such as ‘may’, ‘will’, ‘would’, ‘intends’, ‘believes’, ‘expects’, ‘plans’, ‘ estimate”, “anticipate”, “continue”, or similar terms or variations of these terms, or the negative form of these terms. These statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements due to numerous factors. Factors that could cause such differences to exist include, but are not limited to: the effects of any pandemic disease, natural disaster, war, act of terrorism, accident or similar action or event; those related to the real estate and economic environment, particularly in the market areas where the Company operates; US government fiscal and monetary policies; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of loan loss reserves; declines in the level of deposits requiring increased borrowing to finance loans and investments; operational risks, including but not limited to cybersecurity, fraud and natural disasters; the risk that the Company will fail to implement its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company’s filings with the Securities and Exchange Commission, which are available on the SEC’s website, www.sec.gov.

The Company wishes to caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above or other factors could affect the financial performance of the Company and could cause the Company’s actual results for future periods to differ materially from the opinions or statements expressed at with respect to future periods in current statements. The Company does not undertake and specifically disclaims any obligation to publish the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated events. or unforeseen. .

About Cullman Bancorp, Inc.

The company is a Maryland corporation based in Cullman, Alabama. The company’s banking subsidiary, Cullman Savings Bank, opened in 1887 and currently operates three full-service offices in Cullman, Alabama and one full-service office in Hanceville, Alabama.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220119005797/en/

CONTACT: John A. Riley, III

President and CEO

(256) 734-1740

KEYWORD: UNITED STATES NORTH AMERICA ALABAMA

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Cullman Bancorp, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 01/19/2022 17:30 / DISK: 01/19/2022 17:32

http://www.businesswire.com/news/home/20220119005797/en

Copyright BusinessWire 2022.


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