FirstBank NW Corp. Declares Quarterly Cash Dividend of $0.17 Per Share
April 21 2005 - 9:00AM
PR Newswire (US)
FirstBank NW Corp. Declares Quarterly Cash Dividend of $0.17 Per
Share CLARKSTON, Wash., April 21 /PRNewswire-FirstCall/ --
FirstBank NW Corp. (NASDAQ:FBNW), the holding company for FirstBank
Northwest, today announced that its Board of Directors has declared
a regular quarterly cash dividend of $0.17 per common share. The
dividend will be paid on June 3, 2005 to shareholders of record at
May 20, 2005. This marks the thirty-first regular quarterly cash
dividend since FirstBank became a publicly traded company in July
1997. FirstBank NW Corp. is the parent of FirstBank Northwest.
Founded in 1920, FirstBank Northwest is based in Clarkston,
Washington. FirstBank Northwest operates 20 branch locations in
Idaho, eastern Washington and eastern Oregon, in addition to
residential loan centers in Lewiston, Coeur d'Alene, Boise and
Nampa, Idaho, Spokane, Washington, and Baker City, Oregon. Salomon
Smith Barney has investment centers in the Coeur d'Alene, Idaho,
Clarkston and Liberty Lake, Washington branches, and the Baker
City, LaGrande, Pendleton and Ontario, Oregon branches. FirstBank
Northwest is known as the local community bank, offering its
customers highly personalized service in the many communities it
serves. Certain matters in this News Release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements may relate to, among others, expectations of the
business environment in which the Company operates, projections of
future performance, including operating efficiencies, perceived
opportunities in the market, potential future credit experience and
statements regarding the Company's mission and vision. These
forward-looking statements are based upon current management
expectations, and may, therefore, involve risks and uncertainties.
The Company's actual results, performance, and achievements may
differ materially from those suggested, expressed or implied by
forward-looking statements due to a wide range of factors
including, but not limited to, the general business environment,
interest rates, the real estate market in Washington, Idaho and
Oregon, the demand for mortgage loans, The Company's ability to
successfully integrate the business of Oregon Trail, the
realization of expected cost savings or accretion to earnings
because of the acquisition of Oregon Trail, competitive conditions
between banks and non-bank financial service providers, regulatory
changes, and other risks detailed in the Company's reports filed
with the Securities and Exchange Commission, including its Annual
Report on From 10-KSB for the fiscal year ended March 31, 2004.
DATASOURCE: FirstBank NW Corp. CONTACT: Larry K. Moxley, EVP &
CFO of FIRSTBANK NW CORP., +1-509-295-5100 Web site:
http://www.fbnw.com/
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