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Banner Corporation Increases Quarterly Cash Dividend 25% To $0.15 Per Share; Schedules 3Q13 Conference Call And Webcast

Stocks in this article: BANR

WALLA WALLA, Wash., Sept. 26, 2013 (GLOBE NEWSWIRE) -- Banner Corporation (Nasdaq:BANR), the parent company of Banner Bank and Islanders Bank, today announced its Board of Directors increased its regular quarterly cash dividend 25% to $0.15 per share. The dividend will be payable October 16, 2013, to common shareholders of record on October 7, 2013. Previously Banner paid a regular quarterly cash dividend of $0.12 per share.

"We are pleased with our year-to-date performance and the continued successful execution of our strategies to deliver sustainable profitability to Banner. This increase in our cash dividend is a way for us to share this success with our shareholders," said Mark J. Grescovich, President and Chief Executive Officer.

Banner Corporation also announced that it will report third quarter 2013 results after the market closes on Wednesday, October 23, 2013. Management will host a conference call on Thursday, October 24 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 or via replay at www.bannerbank.com . Investment professionals are invited to dial (480) 629-9645 to participate in the call. A replay will be available for one week at (303) 590-3030, using access code 4641430.

About the Company

Banner Corporation is a $4.2 billion bank holding company operating two commercial banks in Washington, Oregon and Idaho. 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

CONTACT: MARK J. GRESCOVICH,
         PRESIDENT & CEO
         LLOYD W. BAKER, CFO
         (509) 527-3636
         
         The Cereghino Group
         IR CONTACT: 206-388-5785

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