The Board of Directors of Great Western Bancorp, Inc.
(NYSE: GWB) today announced that it
has declared a quarterly cash dividend to its stockholders.
A quarterly cash dividend of $0.05 per common share will be paid
on November 26, 2021, to all stockholders of record as of the close
of business on November 12, 2021. Future dividends will be subject
to Board approval.
About Great Western Bancorp, Inc.
Great Western Bancorp, Inc. is the holding company for Great
Western Bank, a full-service regional bank focused on
relationship-based business and agribusiness banking. Great Western
Bank offers small and mid-sized businesses a focused suite of
financial products and a range of deposit and loan products to
retail customers through several channels, including the branch
network, online banking system, mobile banking applications and
customer care centers. The bank services its customers through more
than 170 branches in nine states: Arizona, Colorado, Iowa, Kansas,
Minnesota, Missouri, Nebraska, North Dakota and South Dakota. To
learn more about Great Western Bank visit www.greatwesternbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, which involve inherent risks and uncertainties. On September
16, 2021, Great Western Bancorp, Inc. ("GWBI"), parent company of
Great Western Bank, and First Interstate BancSystem, Inc. (NASDAQ:
FIBK) ("FIBK"), parent company of First Interstate Bank, announced
they entered into a definitive agreement under which the companies
will combine in an all stock transaction (the "Transaction").
Statements about GWBI’s, FIBK's or the combined company's
expectations, beliefs, plans, strategies, predictions, forecasts,
objectives, assumptions or future events or performance are not
historical facts and may be forward-looking. These statements are
often, but not always, made through the use of words or phrases
such as “anticipates,” “believes,” “can,” “could,” “may,”
“predicts,” “potential,” “should,” “will,” “estimate,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “views,” “intends”
and similar words or phrases. In particular, the statements
included in this press release concerning GWBI’s expected
performance and strategy, strategies for managing troubled loans,
the appropriateness of the ACL, the impact on the business arising
from the COVID-19 pandemic, the interest rate environment and the
Transaction are not historical facts and are forward-looking.
Accordingly, the forward-looking statements in this press release
are only predictions and involve estimates, known and unknown
risks, assumptions and uncertainties that could cause actual
results to differ materially from those expressed. All
forward-looking statements are necessarily only estimates of future
results, and there can be no assurance that actual results will not
differ materially from expectations, and, therefore, you are
cautioned not to place undue reliance on such statements. In
addition to factors previously disclosed in GWBI's and FIBK's
reports filed with the U.S. Securities and Exchange Commission (the
"SEC") and those identified elsewhere in this press release, the
following factors, among others, could cause actual results to
differ materially from forward-looking statements or historical
performance: the occurrence of any event, change or other
circumstance that could give rise to the right of one or both of
the parties to terminate the definitive merger agreement between
GWBI and FIBK; the outcome of any legal proceedings that may be
instituted against GWBI or FIBK; the possibility that the
Transaction does not close when expected or at all because required
regulatory, shareholder, or other approvals and other conditions to
closing are not received or satisfied on a timely basis or at all
(and the risk that such approvals may result in the imposition of
conditions that could adversely affect the combined company or the
expected benefits of the Transaction); the risk that the benefits
from the Transaction may not be fully realized or may take longer
to realize than expected, including as a result of changes in, or
problems arising from, general economic and market conditions,
interest and exchange rates, monetary policy, laws and regulations
and their enforcement, and the degree of competition in the
geographic and business areas in which GWBI and FIBK operate; the
ability to promptly and effectively integrate the businesses of
GWBI and FIBK; the possibility that the Transaction may be more
expensive to complete than anticipated, including as a result of
unexpected factors or events; reputational risk and potential
adverse reactions of GWBI's or FIBK's customers, employees or other
business partners, including those resulting from the announcement
or completion of the Transaction; the dilution caused by FIBK's
issuance of additional shares of its capital stock in connection
with the Transaction; the diversion of management's attention and
time from ongoing business operations and opportunities on
merger-related matters; and the impact of the global COVID-19
pandemic on GWBI's and FIBK's businesses, the ability to complete
the Transaction or any of the other foregoing risks. These factors
are not necessarily all of the factors that could cause GWBI's,
FIBK's or the combined company's actual results, performance, or
achievements to differ materially from those expressed in or
implied by any of the forward-looking statements. Other unknown or
unpredictable factors also could harm GWBI's, FIBK's or the
combined company's results.
All forward-looking statements attributable to GWBI, FIBK or the
combined company, or persons acting on GWBI's or FIBK's behalf, are
expressly qualified in their entirety by the cautionary statements
set forth above. Forward-looking statements speak only as of the
date they are made and GWBI and FIBK do not undertake or assume any
obligation to update publicly any of these statements to reflect
actual results, new information or future events, changes in
assumptions, or changes in other factors affecting forward-looking
statements, except to the extent required by applicable law. If
GWBI or FIBK update one or more forward-looking statements, no
inference should be drawn that GWBI or FIBK will make additional
updates with respect to those or other forward-looking statements.
Further information regarding GWBI, FIBK and the factors which
could affect the forward-looking statements contained herein can be
found in GWBI's Annual Report on Form 10-K for the fiscal year
ended September 30, 2020, Form 10-Q for the quarters ended December
31, 2020, March 31, 2021 and June 30, 2021 and in other filings
with the SEC and in FIBK's Annual Report on Form 10-K for the
fiscal year ended December 31, 2020, Form 10-Q for the quarters
ended March 31, 2021 and June 30, 2021, and its other filings with
the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20211026006102/en/
GREAT WESTERN BANCORP, INC. Investor Relations
Contact: Seth Artz, 605.988.9253
seth.artz@greatwesternbank.com
Media Contact: Lexie Feterl, 605.978.5829
alexis.feterl@greatwesternbank.com
Great Western Bancorp (NYSE:GWB)
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