Banner Bank
| Public | |
| Traded as | |
| Industry | Commercial Banks |
| Founded | 1890 (as National Building Loan & Trust Association) |
| Headquarters | Walla Walla, Washington, United States |
| Products |
Checking accounts Savings Commercial banking Consumer lending Construction loans Home loans |
| Revenue |
 US$225M (Q2 2016) |
| US$38.1M (Q2 2016) | |
| Total assets | US$9.9B (Q2 2016) |
| Total equity | US$1.3B (Q2 2016) |
Number of employees | Approximately 2,000 |
| Website | Official website |
Banner Bank is a Washington-chartered commercial bank headquartered in Walla Walla, Washington, with roots that date back to 1890. The bank delivers tailored services as a community bank while offering the advantages available from a larger financial institution. Serving growing and prosperous regions with a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans, the Company provides community banking services through a combined total of 190 full-service branches and 12 loan offices located in 58 counties in Washington, Oregon, Idaho, California and Utah.
Banner Bank is a member of the Federal Home Loan Bank System and its deposits are insured by the Federal Deposit Insurance Corporation.
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
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.
Throughout the company’s history, Banner has experienced steady growth through organic, de novo expansion as well as through acquisitions. The most notable acquisition growth in recent years includes:
December 2006 - Islanders Bank of San Juan County, which continues to be separately chartered and managed.
May 2007 - F&M Bank of Spokane Valley, Washington, with 14 branches.
October 2007 - NCW Community Bank of Wenatchee, Washington.
March 2015 - Siuslaw Bank, a 10-branch bank headquartered in Florence, Oregon.
October 2015 - AmericanWest Bank of Spokane, Washington, adding 105 branches and expanding the bank’s footprint into Utah and California.
Services
Banner offers a full suite of consumer banking services. 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.
The bank offers tailored 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 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. Banner is a very active small business lender and is an SBA Preferred Lender.
Commercial and business clients also benefit from a full suite treasury management services, international and trade finance, merchant services, commercial credit cards and other supplemental products and services.
Community Involvement
Banner operates under a community banking model emphasizing relationship banking and involvement in the communities it serves. The bank demonstrates its commitment in several ways:
- By encouraging employees to give back through volunteering (paid time off offered to all full-time and part-time employees);
- By engaging in community projects; and
- By supporting local non-profit organizations though financial contributions and in-kind donations.
References
- ↑ "Seven from state to join Russell 3000 Index". The News Tribune. June 15, 2011. Retrieved 2011-07-14.