updated 3/30/2011 6:46:40 PM ET 2011-03-30T22:46:40

WALLA WALLA, Wash., March 30, 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 April 18, 2011, to common shareholders of record on April 11, 2011. This payment is Banner's 62nd consecutive quarterly cash dividend paid since Banner instituted regular quarterly cash dividends in 1996.

Banner Corporation also announced that it will report first quarter 2011 results after the market closes on Wednesday, April 27, 2011. Management will host a conference call on Thursday, April 28 at 8:00 a.m. PDT (11:00 a.m. EDT) 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 4429150.

About the Company

Banner Corporation is a $4.4 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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