Endeavor Bancorp (OTCQX: EDVR), the parent company of Endeavor Bank, has declared a 2% stock dividend, offering shareholders two additional shares for every 100 shares they currently own. The dividend will be distributed on May 22, 2025, to shareholders of record as of May 9, 2025. The company says this move is aimed at increasing trading liquidity and rewarding its investor base.
Shareholders on the record date will receive the stock dividend automatically, with no action required on their part. For those holding an amount of shares that does not result in a whole number of new shares, Endeavor Bancorp will provide a cash payment instead of issuing fractional shares. The cash amount will be calculated based on the fair value of the company’s common stock as of the record date, multiplied by the fractional share held.
Dan Yates, CEO of Endeavor Bancorp, commented on the decision, saying, “As our franchise continues to deliver strong earnings, we are pleased to be able to pay a stock dividend to our loyal shareholders. We view this stock dividend as a means of improving trading liquidity by increasing the number of shares available.”
Endeavor Bancorp is deeply rooted in Southern California, with local ownership, a local board, and a focus on serving the region’s business community. Headquartered in downtown San Diego’s Symphony Towers, the bank also operates offices in Carlsbad, La Mesa, and the LA/Inland Empire area. The company’s approach centers on building relationships with local businesses and offering a consultative banking model. This means that Endeavor Bank’s senior management works directly with business clients to develop strategies, solve problems, and plan for future growth.
The bank provides a full suite of traditional business banking services to a wide range of industries. Its unique model is designed to help clients grow both revenues and profits, positioning the bank as a partner rather than just a service provider.
Endeavor Bank has received high marks from independent rating agencies. Bauer Financial has given the bank a Five-Star “Superior” rating, which is the highest rating the firm awards. DepositAccounts.com has also recognized Endeavor Bank with an A rating, underscoring the institution’s financial strength and stability.
The decision to issue a 2% stock dividend reflects Endeavor Bancorp’s confidence in its ongoing performance and its commitment to shareholder value. By increasing the number of shares outstanding, the company aims to enhance liquidity and make the stock more accessible to a broader range of investors.
Additional information on Endeavor can be found on the company’s website www.endeavor.bank. The bank’s focus on local decision-making, direct client relationships, and financial strength continues to position it as a key player in the Southern California business banking landscape.
