// Workers AI · dad joke modeWhat did Banner Bank say to its rival? You can't flag me down.
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 Banner Bank branch in Hillsboro, Oregon. | |
| Type | Public |
|---|---|
| Industry | Commercial Banks |
| Founded | 1890 (as National Building Loan & Trust Association) |
| Headquarters | Walla Walla, Washington, United States |
| Key people | Mark J. Grescovich (president & CEO) |
| Products | |
| Revenue |  US$225M (Q2 2016) |
| US$16.9M (Q1 2020) | |
| Total assets | US$12.78b (Q1 2020) |
| Total equity | US$1.3B (Q2 2016) |
Number of employees | Approximately 2,000 |
Banner Bank is a Washington-chartered commercial bank. Founded in 1890, it is headquartered in Walla Walla, Washington.[2]
Banner Bank is a member of the Federal Home Loan Bank System and its deposits are insured by the Federal Deposit Insurance Corporation.[3]
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
[edit]![[icon]](/everything/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding missing information. (July 2011) |
The National Building Loan & Trust Association was founded in Walla Walla, Washington in 1890.[2][3] In October 2000, the bank 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.[4] A few months later, Banner Corp sold 75 million of its shares to raise capital.[5]
Banner Bank acquired Islanders Bank of San Juan County in December 2006, F&M Bank of Spokane Valley (14 branches) in May 2007,[6] 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,[7] Skagit Bank of Burlington in November 2018,[8] AltaPacific Bank in Santa Rosa in Q4 of 2019.[9]
In October 2017, Banner Bank sold all of its seven Utah branches to Bank of American Fork (now Altabank).[10][11]
References
[edit]- ↑ "Seven from state to join Russell 3000 Index". The News Tribune. 15 Jun 2011. Retrieved 14 July 2011.[permanent dead link]
- 1 2 "Serving Communities in the West Since 1890". bankerbank.com. Banner Bank. Retrieved 13 Feb 2017.
- 1 2 "Banner Bank (FDIC # 28489)". research.fidic.gov. Federal Deposit Insurance Corporation. Retrieved 13 Feb 2017. (Due to URL issues, link requires and additional click on the "Banner Bank" link.)
- ↑ "Banner Corporation Names Mark J. Grescovich President". Globenewswire.com. 6 April 2010. Retrieved 1 July 2020.
- ↑ Robert Barba (28 June 2010). "Washington's Banner Corp. to Sell Shares". Americanbanker.com. Retrieved 1 July 2020.
- ↑ John Stucke (13 December 2006). "F&M Bank to be sold to Banner". Spokesman.com. Retrieved 1 July 2020.
- ↑ John Stucke (6 November 2014). "Banner Bank buying AmericanWest Bank in $702 million deal". Spokesman.com. Retrieved 1 July 2020.
- ↑ "Skagit Bank sale finalized". Goskagit.com. 1 November 2018. Retrieved 1 July 2020.
- ↑ "Santa Rosa's AltaPacific Bank to merge with Banner Bank of Washington state". Northbaybusinessjournal.com. 25 July 2019. Retrieved 1 July 2020.
- ↑ "Altabank: About Us". altabank.com. American Fork, Utah: Altabank. Retrieved 1 Dec 2019.[permanent dead link]
- ↑ Banner Bank Branches Opened Closed January 1, 2016- April 1, 2018 (PDF). bannerbank.com (Report). Banner Bank. 13 Mar 2018. Retrieved 1 Dec 2019.
