Sept 26 - Banner Corp. in Walla Walla, Wash., (Nasdaq: BANR), the parent company of Banner Bank and Islanders Bank, has announced its board of directors increased its regular quarterly cash dividend 25 percent to 15 cents per share. The dividend will be payable Oct. 16, 2013, to common shareholders of record on Oct. 7, 2013. Previously Banner paid a regular quarterly cash dividend of 12 cents 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 CEO.
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 at www.bannerbank.com.