Banner Bank
{{Infobox company
| name = Banner Corporation
| logo = Banner Bank logo.png
| type = Public
| traded_as = {{ubl |{{NASDAQ|BANR}} | S&P 600 Component | Russell 3000{{cite web|url=http://www.thenewstribune.com/2011/06/15/v-printerfriendly/1706376_7-from-state-to-join-russell-3000.html |title=Seven from state to join Russell 3000 Index|publisher=The News Tribune|date=15 Jun 2011|access-date=14 July 2011}}{{dead link|date=October 2016|bot=InternetArchiveBot|fix-attempted=yes}}}}
| industry = Commercial Banks
| products = {{plainlist|
| revenue = {{profit}}US$225M (Q2 2016)
| net_income = US$16.9M (Q1 2020)
| assets = US$12.78b (Q1 2020)
| equity = US$1.3B (Q2 2016)
| key_people = Mark J. Grescovich (president & CEO)
| num_employees = Approximately 2,000
| foundation = {{start date and age|1890}} (as National Building Loan & Trust Association)
| location = Walla Walla, Washington, United States
| homepage =
}}
Banner Bank is a Washington-chartered commercial bank headquartered in Walla Walla, Washington, with roots that date back to 1890.{{cite web|url=https://www.bannerbank.com/our-values/about-us/history|title=Serving Communities in the West Since 1890|website=bankerbank.com|publisher=Banner Bank|access-date=13 Feb 2017}} The bank provides services in commercial real estate, construction, residential, agricultural and consumer loans. It also provides community banking services through its branches and loan offices located in Washington, Oregon, Idaho and California. {{cite web|url=https://www.bannerbank.com/all-locations|title=All Branch Locations|website=bankerbank.com|publisher=Banner Bank|access-date=13 Feb 2017}}
Banner Bank is a member of the Federal Home Loan Bank System and its deposits are insured by the Federal Deposit Insurance Corporation.{{cite web|url=https://research.fdic.gov/bankfind/detail.html?bank=28489&name=BannerBank&searchName=Banner_Bank&searchFdic=&city=Walla_Walla&state=WA&zip=&address=&searchWithin=&activeFlag=&tabId=2|title=Banner Bank (FDIC # 28489)|website=research.fidic.gov|publisher=Federal Deposit Insurance Corporation|access-date=13 Feb 2017}} (Due to URL issues, link requires and additional click on the "Banner Bank" link.)
Banner Bank is a wholly owned subsidiary of Banner Corporation. Banner Corporation common stock is publicly traded on the NASDAQ Global Market® under the symbol "BANR".
History
{{Expand section|date=July 2011}}
Banner's roots date back to 1890, when the National Building Loan & Trust Association was founded in Walla Walla, Washington. The bank grew over the following century and in October 2000 changed its name to Banner Corp and announced its 38 branches would all operate as Banner Bank. Previously, the Washington and Idaho branches had operated under separate brands such as First Savings Bank, Whatcom State Bank, Seaport Citizens Bank and Towne Bank.
In 2010, Mark J. Grescovich was named president of Banner Corporation and Banner Bank.{{cite web|url=https://www.globenewswire.com/news-release/2010/04/06/417731/188106/en/Photo-Release-Banner-Corporation-Names-Mark-J-Grescovich-President.html|title=Banner Corporation Names Mark J. Grescovich President|website=Globenewswire.com|date=6 April 2010|access-date=1 July 2020}} A few months later, Banner Corp unloaded 75 million of its shares to raise capital.{{cite web|url=https://www.americanbanker.com/news/washingtons-banner-corp-to-sell-shares|title=Washington's Banner Corp. to Sell Shares|website=Americanbanker.com|date=28 June 2010|author=Robert Barba|access-date=1 July 2020}}
Banner Bank acquired Islanders Bank of San Juan County in December 2006, F&M Bank of Spokane Valley (14 branches) in May 2007,{{cite web|url=https://www.spokesman.com/stories/2006/dec/13/fm-bank-to-be-sold-to-banner/|title=F&M Bank to be sold to Banner|website=Spokesman.com|date=13 December 2006|author=John Stucke|access-date=1 July 2020}} NCW Community Bank of Wenatchee in October 2007, Siuslaw Bank of Florence, Oregon (10 branches) in March 2015, AmericanWest Bank of Spokane (105 branches, including in Utah and California) in October 2015,{{cite web|url=https://www.spokesman.com/stories/2014/nov/06/banner-bank-buying-americanwest-bank-in-702/|title=Banner Bank buying AmericanWest Bank in $702 million deal|website=Spokesman.com|date=6 November 2014|author=John Stucke|access-date=1 July 2020}} Skagit Bank of Burlington in November 2018,{{cite web|url=https://www.goskagit.com/news/local_news/skagit-bank-sale-finalized/article_14432650-4948-55d2-9100-fa2c6f767f15.amp.html|title=Skagit Bank sale finalized|website=Goskagit.com|date=1 November 2018|access-date=1 July 2020}} AltaPacific Bank in Santa Rosa in Q4 of 2019.{{cite web|url=https://www.northbaybusinessjournal.com/article/article/santa-rosas-altapacific-bank-to-merge-with-banner-bank-of-washington-state/|title=Santa Rosa's AltaPacific Bank to merge with Banner Bank of Washington state|website=Northbaybusinessjournal.com|date=25 July 2019|access-date=1 July 2020}}
In October 2017, Banner Bank sold all of its seven Utah branches to Bank of American Fork (now Altabank).{{cite web|url=https://altabank.com/about|title=Altabank: About Us|website=altabank.com|publisher=Altabank|location=American Fork, Utah|access-date=1 Dec 2019}}{{cite report|url=https://www.bannerbank.com/-/media/project/banner-bank/dotcom/pdfs/cra/master-open-close-move-4118.pdf|title=Banner Bank Branches Opened Closed January 1, 2016- April 1, 2018|website=bannerbank.com|publisher=Banner Bank|date=13 Mar 2018|access-date=1 Dec 2019}}
Services
File:Banner Bank, Tanasbourne branch - Hillsboro, Oregon.jpg{{Advert|date=November 2023}}
Deposit products include checking, savings, money market accounts, IRAs and Certificates of Deposit. Related to lending, consumers can access personal loans and lines of credit, including auto, RV, home equity loans and home equity lines of credit (HELOC) among others.
Home lending is a significant portion of Banner's overall lending, and the bank is a direct financing source (non-broker). Clients can access all types of home loans including, fixed-rate, adjustable rate, Veteran's Administration loans, first-time home buyer programs and more. Clients can apply online directly from the Banner Bank website.{{Citation needed|date=July 2020}}
The bank offers solutions{{solution-inline|date=December 2021}} for business and commercial banking clients of all asset sizes. This includes traditional commercial loans and lines, income property loans, merger and acquisition financing, and agricultural lending. Banner also has lending teams specializing in commercial real estate builder financing and large-scale multi-family lending. Additionally, Banner has developed a QuickStep loan program to offer businesses with smaller lending needs a swift application to funding channel—with decisions often in just a few days from completed application.{{Citation needed|date=July 2020}}
References
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{{commons category|Banner Bank}}
{{NASDAQ Financial-100}}
Category:Companies based in Walla Walla County, Washington
Category:Economy of the Northwestern United States
Category:San Juan County, Washington
Category:American companies established in 1890
Category:Banks established in 1890