Banner Bank is a

Washington Washington most commonly refers to: * George Washington (1732–1799), the first president of the United States * Washington (state), a state in the Pacific Northwest of the United States * Washington, D.C., the capital of the United States ** A ...

-chartered commercial

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

headquartered in

Walla Walla, Washington Walla Walla ( ) is a city in and the county seat of Walla Walla County, Washington, United States. It had a population of 34,060 at the 2020 United States census, 2020 census, estimated to have decreased to 33,339 as of 2023. The combined populat ...

, with roots that date back to 1890. The bank provides services in

commercial real estate Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office bu ...

, construction, residential, agricultural and consumer loans. It also provides community banking services through its branches and loan offices located in

Oregon Oregon ( , ) is a U.S. state, state in the Pacific Northwest region of the United States. It is a part of the Western U.S., with the Columbia River delineating much of Oregon's northern boundary with Washington (state), Washington, while t ...

Idaho Idaho ( ) is a landlocked U.S. state, state in the Pacific Northwest and Mountain states, Mountain West subregions of the Western United States. It borders Montana and Wyoming to the east, Nevada and Utah to the south, and Washington (state), ...

and

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

. Banner Bank is a member of the

Federal Home Loan Bank The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment. Overview The FHLBank System was chartered by ...

System and its deposits are insured by the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

. (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 The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

Global Market® under the symbol "BANR".

History

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. A few months later, Banner Corp unloaded 75 million of its shares to raise capital. Banner Bank acquired Islanders Bank of San Juan County in December 2006, F&M Bank of

Spokane Valley The Spokane Valley is a valley of the Spokane River through the southern Selkirk Mountains in the U.S. state of Washington (state), Washington. The valley is home to the cities of Spokane and its suburbs Spokane Valley, Washington, Spokane Vall ...

(14 branches) in May 2007, NCW Community Bank of

Wenatchee Wenatchee ( ) is the county seat and most populous city of Chelan County, Washington, United States. The population within the city limits in 2010 was 31,925, and has increased to 35,508 as of 2020. Located in the north-central part of the stat ...

in October 2007, Siuslaw Bank of

Florence, Oregon Florence is a coastal city in Lane County, in the U.S. state of Oregon. It lies at the mouth of the Siuslaw River on the Pacific Ocean and about midway between Newport to the north and Coos Bay to the south along U.S. Route 101. As of August ...

(10 branches) in March 2015, AmericanWest Bank of

Spokane Spokane ( ) is the most populous city in eastern Washington and the county seat of Spokane County, Washington, United States. It lies along the Spokane River, adjacent to the Selkirk Mountains, and west of the Rocky Mountain foothills, south ...

(105 branches, including in

Utah Utah is a landlocked state in the Mountain states, Mountain West subregion of the Western United States. It is one of the Four Corners states, sharing a border with Arizona, Colorado, and New Mexico. It also borders Wyoming to the northea ...

and

) in October 2015, Skagit Bank of Burlington in November 2018, AltaPacific Bank in

Santa Rosa Santa Rosa is the Italian, Portuguese, and Spanish name for Saint Rose. Santa Rosa may also refer to: Places Argentina *Santa Rosa, Mendoza, a city * Santa Rosa, Tinogasta, Catamarca * Santa Rosa, Valle Viejo, Catamarca *Santa Rosa, La Pampa * S ...

in Q4 of 2019. In October 2017, Banner Bank sold all of its seven Utah branches to Bank of American Fork (now Altabank).

Services

Deposit products include checking, savings, money market accounts, IRAs and

Certificates of Deposit A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn with ...

. 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 A home equity line of credit, or HELOC ( /ˈhiːˌlɒk/ ''HEE-lok''), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's proper ...

) 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 The United States Department of Veterans Affairs (VA) is a Cabinet-level executive branch department of the federal government charged with providing lifelong healthcare services to eligible military veterans at the 170 VA medical centers an ...

loans, first-time home buyer programs and more. Clients can apply online directly from the Banner Bank website. The bank offers solutions 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

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.

References

{{NASDAQ Financial-100 Companies based in Walla Walla County, Washington Economy of the Northwestern United States Lake Oswego, Oregon San Juan County, Washington American companies established in 1890 Banks established in 1890 Banks based in Washington (state) Companies listed on the Nasdaq