FirstBank NW Corp. Declares Quarterly Cash Dividend of $0.20 Per Share
October 07 2005 - 5:33PM
PR Newswire (US)
CLARKSTON, Wash., Oct. 7 /PRNewswire-FirstCall/ -- FirstBank NW
Corp. (NASDAQ:FBNW), the holding company for FirstBank Northwest,
announced that its Board of Directors has declared a quarterly cash
dividend of $0.20 per common share. The dividend will be paid on
December 2, 2005 to shareholders of record at November 7, 2005.
This marks the thirty-third regular quarterly cash dividend since
FirstBank became a publicly traded company in July 1997. FirstBank
NW Corp. (headquartered in Clarkston, Washington) is the holding
company for FirstBank Northwest, a Washington state chartered
savings bank founded in 1920, operating in the rural markets of
eastern Oregon, eastern Washington and central Idaho, in addition
to the larger and growing markets of Boise and Coeur d'Alene, Idaho
and Spokane, Washington. FirstBank Northwest is focused on each
community served, striving to deliver competitive financial
products and services through exceptional customer service
standards, local expertise and leadership. 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. FirstBank Northwest is known as
the local community bank, offering its customers highly
personalized service in the many communities it serves. Forward
Looking Statements: 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, competitive
conditions between banks and non-bank financial service providers,
regulatory changes, costs of implementing additional securities
requirements and requirements of the Sarbanes Oxley Act of 2002 and
other risks detailed in the Company's reports filed with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K for the fiscal year ended March 31, 2005. DATASOURCE:
FirstBank NW Corp. CONTACT: Larry Moxley, CFO of FirstBank NW
Corp., +1-509-295-5100
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