BANNER CORP

Overview

Banner Corporation is a Washington-based bank holding company whose principal subsidiary, Banner Bank, provides commercial and community banking services. Its offerings include deposits and treasury management, alongside commercial, agricultural, residential mortgage and consumer lending. The company describes its approach as a “super community bank” model, guided by the principle “Do the right thing” and a vision of being a leading provider of financial services in the West.[1]+5

Banner Bank operates across Washington, Oregon, California and Idaho, with loan-production offices also in Utah and Nevada. At December 31, 2025, it had 135 branches; Banner Corporation reported FY2025 revenue of approximately $660.7 million. Its latest employee figure located was 1,925 full- and part-time employees, plus 10 temporary employees, at December 31, 2024. Banner Bank’s roots date to 1890, and Banner Corporation was formed in 1995.[7]+5 [1]+11

Products & services

Banner Bank offers personal and business deposit products, including interest- and non-interest-bearing checking, savings, money-market accounts, certificates of deposit, treasury-management services and retirement savings plans. Its consumer offerings also include credit cards, personal loans and lines of credit.[2][11] Business financing includes commercial business and real-estate loans, equipment and term loans, lines of credit, SBA financing, agricultural and municipal loans, and owner-occupied real-estate financing.[12][13]

Lending products include commercial real-estate, multifamily, construction and land-development, agricultural, residential mortgage, SBA and consumer loans. Commercial and multifamily real-estate lending includes fixed- and adjustable-rate loans, generally with intermediate terms of five to ten years; residential mortgage offerings include purchase, renovation, construction and refinancing loans, including conventional and FHA/VA options.[14]+2 Business services include treasury management for cash-flow and liquidity management, ACH services and fraud-prevention tools, as well as business online banking with transfers, reporting and ACH functions.[17][18] Banner Wealth Advisors also provide planning and investment services.[19]

At December 31, 2025, loan balances were distributed among commercial real estate (35%), commercial business (21%), construction and land development (15%), one- to four-family residential (13%), multifamily real estate (7%), consumer (6%) and agricultural business (3%). These figures represent shares of total loans, not product revenue.[20] [2]+10

Geographic presence

Banner Corporation’s banking operations are concentrated in the U.S. Pacific Northwest and West. At December 31, 2025, Banner Bank operated 135 branches and 15 loan-production offices across Washington, Oregon, California, Idaho, Utah and Nevada. Branches were located in Washington, Oregon, California and Idaho; Utah and Nevada were represented in its loan-production-office network. The bank’s main and administrative office is in Walla Walla, Washington.[1][21]

The 135 branches comprised 65 in Washington, 31 in Oregon, 30 in California and 9 in Idaho. Its 15 loan-production offices were distributed across Washington (7), California (4), and Oregon, Idaho, Utah and Nevada (1 each). The company also reported administrative support offices in Washington (8), Oregon (3) and Idaho (1).[7]

At year-end 2025, Banner reported 1,930 full- and part-time employees plus 4 temporary employees; 56% were in Washington, 20% in Oregon, 16% in California and 8% in other states, which were not individually specified. The company’s disclosures describe a single community-banking operating segment but do not provide revenue by state, region or country.[22]+2 [1]+5

Business segments

Banner Corp reports one operating and reportable segment: community banking, conducted through Banner Bank. Its activities include gathering deposits and lending to individuals, businesses, and public-sector customers; commercial business and real-estate lending; agricultural, construction and land-development, residential, multifamily, SBA, and consumer loans; and mortgage banking through originating and selling one- to four-family residential loans.[25]

Because the company reports a single segment, it accounts for 100% of reportable operating-segment activity; Banner does not disclose separate segment revenue or profit allocations. For context, consolidated FY2025 net interest income was $587.9 million and net income was $195.4 million, not separately reported segment results.[26] The Q2 2026 filing confirms the single-segment classification remained in place.[23][27] [25]+3

Company history

Banner Bank traces its roots to 1890 in Walla Walla, Washington; Banner Corporation was formed in 1995 and held its initial public offering on November 2 of that year.[28]+2 Mark J. Grescovich joined Banner in 2010 and became chief executive officer that August.[30]

Banner expanded through a series of acquisitions: six Oregon branches from Sterling Savings Bank in 2014, Siuslaw Bank and AmericanWest Bank in 2015, Skagit Bank in 2018, and AltaPacific Bank in 2019.[31]+4 In 2026, Banner completed its acquisition of Pacific Financial Corporation, including its subsidiary Bank of the Pacific, effective September 1.[36] [28]+9

Sources

• BANNER CORP — Full financial report (2025 Y)
  14 citations

  [1][2][3][4][5][7][8][14][15][20][21][22][25][26]
• www.bannerbank.com[6]
• BANNER CORP — Full financial report (2024 Y)[9]
• investor.bannerbank.com[10]
• www.bannerbank.com[11]
• www.bannerbank.com[12]
• www.bannerbank.com[13]
• www.bannerbank.com[16]
• www.bannerbank.com[17]
• www.bannerbank.com[18]
• www.bannerbank.com[19]
• BANNER CORP — Full financial report (2026 Q 2)
  3 citations

  [23][24][27]
• www.bannerbank.com[28]
• investor.bannerbank.com[29]
• investor.bannerbank.com[30]
• investor.bannerbank.com[31]
• investor.bannerbank.com[32]
• investor.bannerbank.com[33]
• investor.bannerbank.com[34]
• investor.bannerbank.com[35]
• investor.bannerbank.com[36]