BEO Bancorp Declares Quarterly Cash Dividend

  
    
  
  
    
      BEO Bancorp (OTCBB: BEOB), parent company of Bank of Eastern 
      Oregon, today announced that its Board of Directors declared a 
      quarterly cash dividend of $0.15 per share payable on April 11, 2008, to 
      shareholders of record on March 31, 2008. Annualized, this dividend is 
      an increase of 9.1% from the 2007 cash dividend payment of $0.55 per 
      share.
    
    
      This is the 23rd year in a row the Company has 
      paid cash dividends. This is the first time the organization has paid a 
      quarterly dividend. The board will continue to review its dividend 
      policy. Cash dividends, when and if declared, will typically be paid in 
      April, July, October, and January. The Board will continue to review a 
      wide range of indicators including operating results, retained earnings, 
      capital, and general market conditions in making decisions on future 
      dividends.
    
    
      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 11 branches and three loan production offices in nine eastern 
      Oregon counties. Branches are located in Arlington, Ione, Heppner, 
      Condon, Irrigon, Boardman, Burns, John Day, Prairie City, Fossil and 
      Moro; loan production offices are located in Hermiston, Enterprise, 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.