UPDATE - Banner Corporation Announces Quarterly Cash Dividend of $0.25 Per Share and Declares Special Cash Dividend of $1.00 ...
29 June 2017 - 2:09AM
Banner Corporation (NASDAQ GSM:BANR), the parent company of Banner
Bank and Islanders Bank, today announced that its Board of
Directors declared a regular quarterly cash dividend of $0.25 per
share and a special cash dividend in the amount of $1.00 per
share. The dividends will be payable July 18, 2017, to common
shareholders of record on July 10, 2017.
“In addition to our regular cash dividend, our
solid financial performance provides us with the opportunity to pay
a special cash dividend, while still maintaining a very strong
capital position to support growth and contribute to our moderate
risk profile,” stated Mark J. Grescovich, President and Chief
Executive Officer.
Banner Corporation also announced that it will
report its second quarter 2017 results after the market closes on
Wednesday, July 26, 2017. Management will host a conference
call on Thursday, July 27, 2017 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
10109479 or at www.bannerbank.com.
About the Company
Banner Corporation is a $10.1 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, 2016. 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.
Transmitted on Globe Newswire on June 28, 2017
at 6:00 a.m. PDT.
Contact: Mark J. Grescovich,
President & CEO
Lloyd W. Baker, CFO
(509) 527-3636
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