Centennial Bancorp Announces Increased 2001 Third Quarter Cash Dividend.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 1, 2001 Centennial Bancorp (Nasdaq:CEBC CEBC Center for Ethical Business Cultures (University of St. Thomas) CEBC Consulting Engineers of British Columbia CEBC Centre d'Études Biologiques de Chize CEBC Conselho Empresarial Brasil-China CEBC Centre For Evidence-Based Conservation ) today announced that its Board of Directors has declared a $.03 per share cash dividend to shareowners of record as of October 15, 2001 and payable on November 1, 2001. This cash dividend represents an increase of 5% over the initial $.03 August cash dividend when combined with the common stock split issued in the second quarter. In other news, Centennial Bancorp announced today the development of its next full-service banking office in 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. . Centennial Bank will open at Gresham Station, a fast growing suburban and retail hub near downtown Gresham. The branch is expected to open in December, and will be Centennial's sixteenth office in the greater Portland area. Centennial Bancorp also said it will release 2001 third quarter earnings on Wednesday, October 17th, and conduct a third quarter investors teleconference at 8:00 AM Pacific Daylight Time (PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT ) on Monday, October 22nd. The session will include discussion of quarter-end financial measures, business outlook and credit quality. Shareholders and other interested individuals can call toll-free 1-888-636-8212 to attend this teleconference. Centennial Bancorp, whose principal subsidiary is Centennial Bank, is an $853 million bank holding company with headquarters in Portland. Centennial Bank currently operates 22 banking offices. Thirteen are in the Portland metropolitan area, which includes seven limited service retirement center branches; two are in Vancouver, Washington
Vancouver, Washington is a city on the north bank of the Columbia River, in the state of Washington, USA. It is the county seat of Clark County. ; one is in Salem; and six are in Lane County. Centennial Bancorp's common stock is traded on the NASDAQ National Market and Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. under the symbol "CEBC." For more information, please contact Centennial Bancorp, One SW Columbia Street, Suite 900, Portland, Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. 97258. Telephone: 503/ 973-5556; FAX: 503/973-5557. Web address: www.centennialbank.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995, including statements concerning the continued financial performance of the company and its plans and opportunities for future growth. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially than those expected. Specific risks include, but are not limited to, general business and economic conditions, as well as other factors listed from time to time in Centennial Bancorp's SEC reports. |
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