Banner Corporation Approves Stock Repurchase Program
July 26 2007 - 6:35AM
Business Wire
Banner Corporation (NASDAQ:BANR), the parent company of Banner
Bank, today announced its Board of Directors has authorized the
repurchase of up to 750,000 shares of its common stock,
representing approximately 5% of the outstanding shares. Under the
plan, shares may be repurchased by the Company in open market
purchases. The extent to which the Company repurchases its shares
and the timing of such repurchases will depend upon market
conditions and other corporate considerations. �We believe our
stock is an attractive investment and repurchasing stock affirms
our optimism for the future and offers an excellent means to build
long-term value for our shareholders,� said D. Michael Jones,
President and CEO. Yesterday, Banner reported its second quarter
earnings and provided detailed financial information in a separate
press release. About Banner Corporation Banner Corporation is the
parent company of Banner Bank, a commercial bank that operates a
total of 77�branch offices and 13 loan offices in 28 counties in
Washington, Oregon and Idaho. It is now also the parent of
Islanders Bank which operates three branch offices in Washington�s
San Juan Islands. Banner serves the Pacific Northwest region with a
full range of deposit services and business, commercial real
estate, construction, residential, agricultural and consumer loans.
Visit Banner Bank on the Web at www.bannerbank.com. NOTE:
Transmitted on Business Wire at 3:35 a.m. on July 26, 2007.
Banner (NASDAQ:BANR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Banner (NASDAQ:BANR)
Historical Stock Chart
From Jul 2023 to Jul 2024