BEO Bancorp Announces Dividend for 2013
November 13 2013 - 5:58PM
Business Wire
“I am pleased to announce that the Board of Directors of BEO
Bancorp (OTCBB:BEOB) has voted to declare a $0.55 per share
dividend for 2013. The dividend will be paid to shareholders of
record as of November 29, 2013, payable on or before December 15,
2013,” said President and CEO Jeff Bailey.
According to Board Chairman Bob Armstrong, “BEO Bancorp has paid
a dividend 27 of the past 28 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.”
“The dividend of $0.55 per share is 10% higher than last year’s
dividend of $0.50 per share and is indicative of Bank of Eastern
Oregon’s strong capital position. Most of the lingering effects of
the prolonged ‘great recession’ are behind us. The board of
directors and employees work hard to improve the overall strength
of the bank, add value to our shareholders, as well as provide the
brand of banking that our customers appreciate and expect from Bank
of Eastern Oregon. We continue to look for opportunities to expand
our market share in eastern Oregon,” said Bailey. He concluded by
saying, “The support of our shareholders, communities, and
employees have made it possible for us to succeed. We are pleased
to be in a position to provide this dividend to our
shareholders.”
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 five loan production offices in
eleven 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, Ontario, Island City, Pendleton, and
Lakeview. Bank of Eastern Oregon also operates a mortgage division.
The bank’s website is www.beobank.com.
BEO BancorpJeff Bailey, 541-676-0201President and CEOorMark
Lemmon, 541-676-0201EVP & CFO
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