Banner Corporation Increases Quarterly Cash Dividend 17% to $0.21 Per Share, Schedules 1Q16 Conference Call and Webcast
March 30 2016 - 9:00AM
Banner Corporation (NASDAQ GSM:BANR), the parent company of Banner
Bank and Islanders Bank, today announced that its Board of
Directors increased its regular quarterly cash dividend 17% to
$0.21 per share. The dividend will be payable April 20, 2016, to
common shareholders of record on April 11, 2016.
Banner Corporation also announced that it will
report its first quarter 2016 results after the market closes on
Monday, April 25, 2016. Management will host a conference call on
Tuesday, April 26, 2016 at 8:00 a.m. PDT (11:00 a.m. EDT) to
discuss the results. The call will also be broadcast live via the
internet.
Interested investors may listen to the call live
at www.bannerbank.com. Investment professionals are invited to dial
(866) 235-9915 to participate in the call. A replay will be
available for one week at (877) 344-7529 using access code 11093182
or at www.bannerbank.com.
About the Company
On October 1, 2015, Banner Corporation completed
the acquisition of AmericanWest Bank which was merged into Banner
Bank, a transformational merger that brought together two
financially strong, well-respected institutions and created a
leading Western bank. Banner Corporation is now a $9.8 billion bank
holding company operating two commercial banks in five Western
states through a network of branches offering 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.
This press release contains statements that the
Company believes are “forward-looking statements.” These statements
relate to the Company’s financial condition, results of operations,
plans, objectives, future performance or business. You should not
place undue reliance on these statements, as they are subject to
risks and uncertainties, and actual results and performance in
future periods may be materially different from any future results
or performance suggested by the forward-looking statements in this
release. Factors that might cause such differences include, but are
not limited to, those identified in our risk factors contained in
Banner Corporation’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2015. Such forward-looking statements speak only
as of the date of this release. Banner Corporation expressly
disclaims any obligation to update or revise any forward-looking
statements found herein to reflect any changes in the Company’s
expectations of results or any change in events.
CONTACT: MARK J. GRESCOVICH,
PRESIDENT & CEO
LLOYD W. BAKER, CFO
(509) 527-3636
Banner (NASDAQ:BANR)
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