Banner Corporation Declares $0.01 Quarterly Cash Dividend

/ Source: GlobeNewswire

WALLA WALLA, Wash., Oct. 12, 2010 (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 October 29, 2010, to common shareholders of record on October 22, 2010. This payment is Banner's 60th consecutive quarterly cash dividend paid since Banner instituted regular quarterly cash dividends in 1996.

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 . 

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