BEO Bancorp Declares Quarterly Cash Dividend
March 21 2008 - 12:07PM
Business Wire
BEO Bancorp (OTCBB: BEOB), 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.
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