Banner Corporation Announces Results of Annual Meeting, Shareholders Approve All Proposals and Confirm All Nominated Directors to Board

Rhea-AI Summary

Banner (NASDAQ: BANR), the parent company of Banner Bank, announced that shareholders approved all proposals and re-elected all director nominees at the 2024 Annual Meeting of Shareholders held virtually on May 22, 2024.

Positive

• Shareholders approved all proposals, indicating broad support for the company's strategic direction.
• All nominated directors were re-elected, ensuring continuity in leadership and governance.

Negative

• The press release does not specify the nature of the proposals, leaving investors without detailed insights into the approved strategies or changes.

WALLA WALLA, Wash.--(BUSINESS WIRE)-- Banner Corporation (NASDAQ: BANR), (“Banner” or the “Company”), the parent company of Banner Bank, today announced that shareholders approved all proposals and re-elected all director nominees at its 2024 Annual Meeting of Shareholders held virtually on May 22, 2024.

About the Company

Banner Corporation is a $15.52 billion bank holding company operating one commercial bank in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. Visit Banner Bank on the Web at www.bannerbank.com.

Forward-Looking Statements

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in Banner Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Such forward-looking statements speak only as of the date of this release. Banner Corporation expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company’s expectations of results or any change in events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240524282757/en/

MARK J. GRESCOVICH,

PRESIDENT & CEO

ROBERT G. BUTTERFIELD, CFO

(509) 527-3636

Source: Banner Corporation

FAQ

What was the outcome of Banner 's 2024 Annual Meeting?

Shareholders approved all proposals and re-elected all director nominees.

When was Banner 's 2024 Annual Meeting held?

The meeting was held virtually on May 22, 2024.

What is the stock symbol for Banner ?

The stock symbol for Banner is BANR.