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Banner Corporation Declares $.14 Cash Dividend.


Business Editors

WALLA WALLA Walla Walla (wŏl`ə wŏl`ə), city (1990 pop. 26,478), seat of Walla Walla co., SE Wash., at the junction of the Walla Walla River and Mill Creek, near the Oregon line; inc. 1862. , Wash.--(BUSINESS WIRE)--Dec. 18, 2001

Banner Corporation (Nasdaq: BANR BANR Board on Agriculture and Natural Resources ), the parent of Banner Bank Banner Bank is a Washington financial institution based in Walla Walla. Originally known as First Federal Savings And Loan Of Walla Walla, it was the oldest Savings and Loan institution in the state of Washington. , today announced its Board of Directors declared a $.14 per share cash dividend to be paid January 10, 2002 to shareholders of record on December 31, 2001.

"This is our twenty-fifth consecutive cash dividend and demonstrates our continued confidence in Banner's strength and long-term prospects," stated Gary Sirmon, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

Banner Corporation is the parent of Banner Bank, a Washington state chartered commercial bank. It operates a total of 38 branch offices and six loan offices in 18 counties in Washington This is a list of counties in Washington. There are thirty-nine counties in the U.S. state of Washington.

Certain residents of Snohomish County consider themselves to be part of Freedom County.
, Oregon and Idaho. Banner serves the rapidly growing Pacific Northwest region
This article is about the region in Pennsylvania. For the area of the United States of America, see Pacific Northwest.


The 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.banrbank.com. On Tuesday, December 18, 2001, Banner Corporation's stock closed the trading day at $16.55 per share.

Statements concerning future performance, developments or events, concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements, which are subject to a number of risks and uncertainties that might cause actual results to differ materially from stated objectives. These factors include but are not limited to: BANR's ability to maintain current dividend payments or increase dividend payouts to shareholders. Banner undertakes no responsibility to update or revise any forward-looking statements.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 18, 2001
Words:233
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