March 27 - Banner Corp. in Walla Walla, Wash., (Nasdaq:BANR) and the parent company of Banner Bank and Islanders Bank, has increased the quarterly cash dividend to 12 cents per share. The dividend will be payable April 15, 2013, to common shareholders of record on April 5, 2013. Previously Banner paid a regular cash dividend of 1 cent per share.
"This increase in our cash dividend reflects our strong performance in 2012 and our expectation of continued success in 2013," said Mark J. Grescovich, president and CEO. This is the 70th consecutive quarterly cash dividend paid since Banner instituted regular quarterly cash dividends in 1996.