BEO Bancorp Announces Dividend for 2010
November 18 2010 - 12:44PM
Business Wire
“I am pleased to announce that the Board of Directors of BEO
Bancorp (OTCBB:BEOB) has voted to declare a $0.20 per share
dividend for 2010. The dividend will be paid to shareholders of
record as of December 6, 2010, payable on or before December 15,
2010,” said president and CEO, Jeff Bailey.
According to Board Chairman, Brad Anderson, “BEO Bancorp has
paid a dividend 24 of the past 25 years. Dividends are a reflection
of the financial stability and profitability of the bank. We are
very happy to be able to provide this dividend to our
shareholders.”
“In 2009, the board of directors made the prudent decision to
forego payment of dividends during the recent recession. The
actions helped to strengthen capital and complimented the
successful capital raise of last winter. The board will continue to
assess overall economic conditions and make decisions that are in
the long term best interest of our shareholders, customers,
employees, and communities,” concluded Bailey.
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 12 branches and two loan production offices in nine
eastern Oregon counties. Branches are located in Arlington, Ione,
Heppner, Condon, Irrigon, Boardman, Burns, John Day, Prairie City,
Fossil, Moro and Enterprise; loan production offices are located in
Hermiston 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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