updated 1/19/2011 9:18:16 AM ET 2011-01-19T14:18:16

WALLA WALLA, Wash., Jan. 19, 2011 (GLOBE NEWSWIRE) -- Banner Corporation (Nasdaq:BANR), the parent company of Banner Bank and Islanders Bank, today announced its Board of Directors declared a regular quarterly cash dividend of $0.01 per share, the same as paid in the previous quarter. The dividend is payable February 10, 2011, to common shareholders of record on January 31, 2011. This payment is Banner's 61st consecutive quarterly cash dividend paid since Banner instituted regular quarterly cash dividends in 1996.

Banner Corporation also announced that it will report fourth quarter 2010 results after the market closes on Wednesday, January 26, 2011. Management will host a conference call on Thursday, January 27 at 8:00 a.m. PST (11:00 a.m. EST) to discuss the results. The call will also be broadcast live via the internet.

Interested investors may listen to the call live or via replay at www.bannerbank.com . Investment professionals are invited to dial (480) 629-9723 to participate in the call. A replay will be available for one week at (303) 590-3030, using access code 4399064.

About the Company

Banner Corporation is a $4.6 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 on the Web at www.bannerbank.com

CONTACT: Mark J. Grescovich,
         President & CEO
         Lloyd W. Baker, CFO
         (509) 527-3636

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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