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Banner Corporation (BANR)

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35.36+0.34 (+0.97%)
At close: 4:00PM EDT

Banner Corporation

10 South First Avenue
Walla Walla, WA 99362
United States
509-527-3636
http://www.bannerbank.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees2,100

Key Executives

NameTitlePayExercisedYear Born
Mr. Mark J. GrescovichPres, CEO & Director1.35MN/A1964
Mr. Peter J. ConnerExec. VP, CFO & Treasurer560.86kN/A1966
Ms. Cynthia D. PurcellExec. VP, Retail Banking & Admin. of Banner Bank536.45kN/A1957
Mr. Richard B. BartonExec. VP & Chief Credit Officer of Banner Bank456.42kN/A1943
Ms. Judith A. SteinerExec. VP & Chief Risk Officer of Banner Bank504.21kN/A1962
Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans. The company also provides commercial real estate loans, including investment properties and multifamily residential real estate loans; construction, land, and land development loans; residential mortgage loans; commercial business loans; agricultural loans; and consumer loans, such as home equity lines of credit, automobile, and boat and recreational vehicle loans, as well as loans secured by deposit accounts. In addition, it engages in the mortgage banking operations through the origination and sale of one-to four-family and multi-family residential loans. Further, the company provides electronic and digital banking services. As of December 31, 2019, it operated 178 branch offices, including 175 Banner Bank branches and three Islanders Bank branches located in Washington, Oregon, California, and Idaho. It also operates 18 Banner Bank loan production offices located in Washington, Oregon, California, Idaho, and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.

Corporate Governance

Banner Corporation’s ISS Governance QualityScore as of December 8, 2019 is 2. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 5; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.