BEO Bancorp Declares Annual Cash Dividend
CONTACT:
E. George Koffler, President & CEO, (541) 676-0201
Mark Lemmon, EVP & CFO, (541) 676-0201
(OTC Bulletin Board: BEOB)
Heppner, Oregon (November 26, 2007) -
BEO Bancorp, parent company of
Bank of Eastern Oregon, today
announced that its Board of Directors declared an annual cash
dividend on its common stock of 55 cents per share for
2007. The dividend is payable on or before December 14,
2007, to shareholders of record at close of business as of
November 30, 2007.
E. George Koffler, President and CEO, commented, "This dividend
marks the 22nd year, without interruption, that the company has
paid a dividend. The dividend, totaling $484,362, is the
largest annual dividend the organization has ever paid and a
strong signal of the Board's commitment to shareholder value."
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, Ontario, and
Enterprise. Bank of Eastern Oregon also operates a
mortgage division and offers brokerage services through BEO
Financial Services. Bank of Eastern Oregon's website is
www.beobank.com.
Forward-Looking Statements
The statements contained in this release that are not
historical facts are forward-looking statements based upon
management's current expectations and beliefs concerning future
developments and their potential effect on BEO
Bancorp. There can be no assurances that future
developments affecting BEO Bancorp will be the same as those
anticipated by management.
Actual results may differ from those projected in the
forward-looking statements. These forward-looking
statements involve risks and uncertainties. These risks
and uncertainties include, but are not limited to:
(1) competitive pressures in the
banking and financial industries;
(2) changes in interest rate
environment;
(3) general economic conditions,
nationally, regionally, and in operating markets;
(4) changes in regulatory environment;
(5) changes in business conditions and
inflation;
(6) changes in securities markets; and
(7) future credit loss experience.
