Banner Corporation (NASDAQ GSM:BANR), the parent company of Banner Bank and Islanders Bank, today announced its Board of Directors declared a regular quarterly cash dividend of $0.01 per share. The dividend is payable April 16, 2012, to common shareholders of record on April 9, 2012. Banner Corporation also announced that it will report first quarter 2012 results after the market closes on Monday, April 23, 2012. Management will host a conference call on Tuesday, April 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 480-629-9692 to participate in the call. A replay will be available for one week at 303-590-3030, using access code 4527868. About the Company Banner Corporation is a $4.30 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.