Bank of the Northwest Announces 11 for 10 Stock Split.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--June 28, 2001 Bank of the Northwest (Nasdaq:BKNW) announced today that its Board of Directors has declared an 11 for 10 stock split. Shareholders of record as of July 12, 2001 will receive one share of stock for every 10 shares owned. The additional shares will be issued July 26, 2001. The company currently has outstanding approximately 2.36 million shares of common stock. The split will increase the outstanding shares to approximately 2.60 million. Bank of the Northwest is a locally owned and managed full-service commercial bank that opened for business in October of 1996. The Bank is headquartered in Downtown Portland Downtown Portland is located on the west bank of the Willamette River in Portland, Oregon. It is in the northeastern corner of the southwest section of the city and is where most of its high-rise buildings are found. and serves the needs of both businesses and individuals throughout the Portland metropolitan area The Portland-Vancouver, Oregon-Washington, Metropolitan Statistical Area, also known as the Portland metropolitan area or Greater Portland, is an urban area in the U.S. states of Oregon and Washington centered around the city of Portland, Oregon. . Bank of the Northwest operates five branches: Downtown Portland in the Pioneer Tower Building; Northwest Portland at 21st and Burnside; Raleigh Hills; Lake Oswego Lake Os·we·go A city of northwest Oregon, a residential suburb of Portland. Population: 35,800. in the Lake Grove Lake Grove is the name of several towns in the United States:
An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BKNW, and its web site can be found at www.bknw.com. |
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