Firstbank NW (NASDAQ:FBNW)
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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/