BEO Bancorp Announces Dividend for 2012
November 27 2012 - 4:53PM
Business Wire
“I am pleased to announce that the Board of Directors of BEO
Bancorp has voted to declare a $0.50 per share dividend for 2012.
The dividend will be paid to shareholders of record as of December
10, 2012, payable on or before December 15, 2012,” said President
and CEO, Jeff Bailey.
According to Board Chairman, Bob Armstrong, “BEO Bancorp has
paid a dividend 26 of the past 27 years. Dividends are a reflection
of the financial stability and profitability of the bank. We are
very happy to be able to provide this dividend to our
shareholders.”
“The dividend of $0.50 per share is 25% higher than last year’s
dividend of $0.40 per share and is indicative of Bank of Eastern
Oregon’s strong capital position. The board of directors and
employees of the bank have worked hard during the four year
national financial crisis to improve the overall strength of the
bank and enhance capital. We continue to look for opportunities to
expand our market share in eastern Oregon,” said Bailey. He
concluded by saying, “The support of our shareholders, communities,
and employees have made it possible for us to succeed during a time
when many banks have failed. We are pleased to be in a position to
provide this dividend to our shareholders.”
For further information on the company or to access internet
banking, please visit our website at http://www.beobank.com.
About BEO Bancorp
BEO Bancorp (OTCBB:BEOB) is the holding company for Bank of
Eastern Oregon, which operates 12 branches and four loan production
offices in ten eastern Oregon counties. Branches are located in
Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns, John
Day, Prairie City, Fossil, Moro, and Enterprise; loan production
offices are located in Hermiston, Ontario, Island City, and
Pendleton. Bank of Eastern Oregon also operates a mortgage division
and offers brokerage services through BEO Financial Services. The
bank’s website is www.beobank.com.
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