CLARKSTON, Wash., June 29 /PRNewswire-FirstCall/ -- FirstBank NW Corp.
(Nasdaq: FBNW) today announced that its Board of Directors declared a
quarterly cash dividend of $0.10 per common share. The dividend will be
paid on August 16, 2006 to shareholders of record as of the close of
business on August 2, 2006. This marks the thirty-sixth regular quarterly
cash dividend since FirstBank became a publicly traded company in July
1997.
On June 5, 2006, FirstBank announced that it had entered into a
definitive agreement for the merger of FirstBank NW Corp. with and into
Sterling Financial Corporation.
FirstBank NW Corp. (headquartered in Clarkston, Washington) is the
holding company for FirstBank Northwest, a Washington state chartered
savings bank founded in 1920, operating in the rural markets of eastern
Oregon, eastern Washington and central Idaho, in addition to the larger and
growing markets of Boise and Coeur d'Alene, Idaho and Spokane, Washington.
FirstBank Northwest is focused on each community served, striving to
deliver competitive financial products and services through exceptional
customer service standards, local expertise and leadership. 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. FirstBank Northwest is known as the local community bank, offering
its customers highly personalized service in the many communities it
serves.
FORWARD LOOKING STATEMENTS:
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, competitive conditions between
banks and non-bank financial service providers, regulatory changes, costs
of implementing additional securities requirements and requirements of the
Sarbanes Oxley Act of 2002 and other risks detailed in the Company's
reports filed with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the fiscal year ended March 31, 2006.
Forward-looking statements are effective only as of the date they are made
and the Company assumes no obligation to update this information.
SOURCE FirstBank NW Corp.
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Related links:
http://www.fbnw.com/
CONTACT:
Larry Moxley of FirstBank NW Corp.,
+1-509-295-5100
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