Prineville Bancorporation, parent company for Community First Bank, reported that its Board of Directors has declared a five percent (5%) stock dividend. The dividend will be payable December 15 to all shareholders of record on December 5, 2006.
“This will be the sixteenth consecutive year that we have paid a dividend to our shareholders,” stated Robin B. Freeman, President & CEO. “As previously reported, our earnings continue to break 26-year company records with year-to-date net income up 42% from the comparable period ended September 30, 2005. The company continues to experience excellent growth in assets and improvement to our core earnings, along with our increased brand image and strategic awareness in the market place.”
Prineville Bancorporation is the holding company for Community First Bank, which operates six bank branches located in Prineville, Bend, Redmond, La Pine, Terrebonne and Madras, Oregon, and one loan production office offering residential and commercial real estate loans. Residential mortgage services are also offered through all bank branches. In addition investment and trust services are offered through Community First Investments. For more information, visit www.MyCommunityFirst.com.