Great Western Bancorp, Inc. declares quarterly cash dividend

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SIOUX FALLS, SD – (COMMERCIAL THREAD) – The Board of Directors of Great Western Bancorp, Inc. (NYSE: GWB) announced today that it has declared a quarterly cash dividend to its shareholders.

A quarterly cash dividend of $ 0.05 per common share will be paid on November 26, 2021 to all shareholders of record as of the close of business on November 12, 2021. Future dividends will be subject to the approval of the Board.

About Great Western Bancorp, Inc.

Great Western Bancorp, Inc. is the holding company of Great Western Bank, a full-service regional bank focused on relationship-based commercial and agri-food banking services. Great Western Bank offers small and medium-sized businesses a targeted range of financial products and a range of deposit and lending products to retail customers through multiple channels, including the branch network, online banking system, mobile banking applications and customer service centers. The bank serves 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 announced that it has entered into a definitive agreement under which the companies will combine in a fully-stock exchange transaction (the “Transaction”). Statements regarding expectations, beliefs, plans, strategies, predictions, forecasts, objectives, assumptions or future events or performance of GWBI, FIBK or the Combined Company are not historical facts and may be prospective. These statements are often, but not always, made using words or phrases such as “anticipates”, “believes”, “may”, “could”, “could”, “may”, “predict”, “Possible”, “” will “,” estimate “,” plans “,” projects “,” continue “,” in progress “,” expect “,” have views “,” intend “and similar words or phrases. In particular, the statements included in this press release regarding the expected performance and strategy of GWBI, the strategies for handling distressed loans, the relevance of the ACL, the impact on business resulting from the COVID pandemic -19, the interest rate environment and the Operation are not historical facts and are looking to the future. Therefore, the forward-looking statements contained 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 the factors previously disclosed in GWBI and FIBK’s reports filed with the United States 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 future results – forward-looking statements or historical performance: the occurrence of any event, change or other circumstance that may give rise to the right for one or both parties to terminate the definitive merger agreement between GWBI and FIBK; the outcome of any legal proceedings that may be brought against GWBI or FIBK; the possibility that the Transaction will not close on time or not at all because the required regulatory, shareholder or other approvals and other closing conditions are not received or satisfied in a timely manner or not at all (and the risk that these approvals could result in the imposition of conditions which could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits of the Transaction may not be fully realized or may take longer than expected to be realized, including due to changes or problems resulting from general economic and market conditions, interest rates and changes, monetary policy, laws and regulations and their application, and the degree of competition in the geographic and business areas in which GWBI and FIBK operate; the ability to integrate the activities of GWBI and FIBK quickly and efficiently; the possibility that the Transaction will be more costly to complete than expected, in particular due to unforeseen factors or events; reputational risk and potential adverse reactions from customers, employees or other business partners of GWBI or FIBK, including those resulting from the announcement or completion of the Transaction; the dilution caused by the issuance by FIBK of additional shares of its share capital as part of the Transaction; distraction of management’s attention and time from ongoing business operations and opportunities on merger-related issues; and the impact of the global COVID-19 pandemic on the business of GWBI and FIBK, the ability to complete the Transaction or any of the other risks mentioned above. These factors are not necessarily all of the factors that could cause the actual results, performance or achievements of GWBI, FIBK or the combined company to differ materially from those expressed or implied by any of the forward-looking statements. Other unknown or unforeseeable factors could also adversely affect the results of GWBI, FIBK or the combined company.

All forward-looking statements attributable to GWBI, FIBK or the combined company, or to persons acting on behalf of GWBI or FIBK, are expressly qualified in their entirety by the caveats set forth above. Forward-looking statements speak only as of the date on which they are made and GWBI and FIBK neither undertake nor assume any obligation to publicly update 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 updates one or more forward-looking statements, no inference should be drawn that GWBI or FIBK will make further updates regarding such or other forward-looking statements. Further information regarding GWBI, FIBK and factors that 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 documents filed with the SEC and in FIBK’s annual report on Form 10-K for the year ended December 31, 2020 , Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and its other documents filed with the SEC.


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