Banner Corporation Declares $0.19 Quarterly Cash Dividend

Banner Corporation (NASDAQ:BANR), the parent company of Banner Bank, today announced its Board of Directors declared its regular quarterly cash dividend of $0.19 per share. The dividend will be paid October 10, 2007, to shareholders of record on September 30, 2007. "We continue to enjoy strong growth and paying cash dividends is a good way to share this success with our shareholders,” said D. Michael Jones, President and CEO. This is the 48th consecutive quarterly cash dividend paid since Banner instituted regular quarterly cash dividends in 1996. Yesterday, Banner reported its second quarter earnings and provided detailed financial information in a separate press release. About Banner Corporation Banner Corporation is the parent company of Banner Bank, a commercial bank that operates a total of 77 branch offices and 13 loan offices in 28 counties in Washington, Oregon and Idaho. It is now also the parent of Islanders Bank which operates three branch offices in Washington’s San Juan Islands. Banner serves the Pacific Northwest region with a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. Visit Banner Bank on the Web at www.bannerbank.com.