BEO Bancorp Declares Quarterly Cash Dividend
CONTACT:
E. George Koffler, President & CEO,
(541) 676-020l
Mark Lemmon, EVP & CFO, (541) 676-0201
Joey J. Warmenhoven, McAdams, Wright and
Ragan, Market Maker, (866) 662-0351
Henry C. Stockman, Howe Barnes Hoefer &
Arnett, Market Maker, (800) 346-5544
(OTC Bulletin Board: BEOB)
Heppner, Oregon (March 21, 2008) - BEO
Bancorp, parent company of Bank of Eastern
Oregon, today announced that its Board of Directors
declared a quarterly cash dividend of $0.15 per share payable
on April 11, 2008, to shareholders of record on March 31, 2008.
Annualized, this dividend is an increase of 9.1% from the 2007
cash dividend payment of $0.55 per share.
This is the 23rd year in a row the Company has paid cash
dividends. This is the first time the organization has paid a
quarterly dividend. The board will continue to review its
dividend policy. Cash dividends, when and if declared, will
typically be paid in April, July, October, and January. The
Board will continue to review a wide range of indicators
including operating results, retained earnings, capital, and
general market conditions in making decisions on future
dividends.
For further information on the Company or to access Internet
banking, please visit our website at http://www.beobank.com.
About BEO Bancorp
BEO Bancorp is the holding company for Bank of Eastern Oregon,
which operates 11 branches and three loan production offices in
nine eastern Oregon counties. Branches are located in
Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns,
John Day, Prairie City, Fossil and Moro; loan production
offices are located in Hermiston, Enterprise, and Ontario. Bank
of Eastern Oregon also operates a mortgage division and offers
brokerage services through BEO Financial Services. The
bank’s website is www.beobank.com.
