SOURCE: Frontier Financial Corporation

March 22, 2007 12:40 ET

Frontier Financial Corporation Announces Increased 2nd Quarter 2007 Cash Dividend

EVERETT, WA -- (MARKET WIRE) -- March 22, 2007 -- The Board of Directors of Frontier Financial Corporation (NASDAQ: FTBK), have declared a $.16 per share first quarter cash dividend to shareowners of record as of April 10, 2007, and payable April 24, 2007.

"This represents a 36.8% increase over the second quarter of 2006 and the thirtieth consecutive quarter in which the cash dividend has increased. Frontier paid a cash dividend of $.15 1/2 per share in the 1st quarter of 2007," said John Dickson, President and CEO.

Frontier is a Washington-based financial holding company providing financial services through its commercial bank subsidiary, Frontier Bank. Frontier offers a wide range of financial services to businesses and individuals in its market area, including investment and insurance products.

Information herein may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A variety of factors could cause Frontier Financial Corporation's actual results to differ from those expected at the time of this release. Investors are encouraged to read the SEC report of Frontier, particularly its Form 10-K for the Fiscal Year Ended December 31, 2006, for meaningful cautionary language discussing why actual results may vary from those anticipated by management.

Contact Information

  • Contact:

    John J. Dickson
    President and CEO
    425-514-0700

    Lyle E. Ryan
    President & COO
    Frontier Bank
    425-514-0700

    FRONTIER FINANCIAL CORPORATION
    332 SW Everett Mall Way
    Everett, WA 98204