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HEPPNER — The Bank of Eastern Oregon’s board of directors has declared a dividend of $1.25 per share for 2024, the bank announced in a news release.

The dividend will be paid out no later than Dec. 13 to shareholders of record as of Dec. 6.

“BEO Bancorp has paid a dividend 38 of the past 39 years,” President and CEO Jeff Bailey said. “Dividends reflect the financial stability and profitability of the bank. We are incredibly happy to be able to provide this dividend to our shareholders.”

This year’s dividend is up 8.7% over last year’s and is the highest ever paid by the bank, the news release noted.

The Bank of Eastern Oregon operates 21 branches and three loan production offices in Oregon, Washington and Idaho, as well as a mortgage division. The Washington locations operate under the name Bank of Eastern Washington.