Banner Corporation (BANR) Declares $0.18 Quarterly Dividend; Approves 5% Buyback Plan

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Banner Corporation Declares Quarterly Cash Dividend of $0.18 Per Share, Approves Stock Repurchase Program and Schedules 1Q15 Conference Call and Webcast

March 25, 2015 9:00 AM EDT

WALLA WALLA, Wash., March 25, 2015 (GLOBE NEWSWIRE) -- Banner Corporation (Nasdaq: BANR), the parent company of Banner Bank and Islanders Bank, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.18 per share. The dividend will be payable April 15, 2015, to common shareholders of record on April 6, 2015. 

Additionally, Banner Corporation announced that its Board of Directors has authorized the repurchase of up to 5% of its common stock, or 1,044,922 shares. Under the plan, shares may be repurchased by the Company in open market purchases. The extent to which the Company repurchases... More