Welcome to our dedicated page for Banner news (Ticker: BANR), a resource for investors and traders seeking the latest updates and insights on Banner stock.
Banner Corporation (BANR) delivers community-focused banking services through Banner Bank, serving the Pacific Northwest with deposit accounts, commercial lending, and residential mortgage solutions for over 125 years. This news hub provides investors and stakeholders with essential updates about the company's financial operations and market activities.
Access official press releases covering quarterly earnings, leadership changes, regulatory filings, and strategic initiatives. Stay informed about Banner's community banking developments, loan portfolio performance, and participation in secondary mortgage markets through verified announcements.
Our curated collection features permanent records of material events including merger/acquisition details, dividend declarations, and operational expansions across Washington, Oregon, Idaho, California, and Utah. Bookmark this page for direct access to Banner Corp's financial disclosures without promotional commentary.
Banner Bank has launched the Small Business Opportunity Fund with an initial investment of $1.5 million. This initiative aims to support minority-owned small businesses affected by COVID-19, specifically targeting those with gross annual revenues of $1 million or less. The Fund will partner with three Community Development Financial Institutions (CDFIs), each receiving $500,000, to provide financial assistance through low-cost loans and grants to eligible businesses. This program reflects Banner Bank's commitment to addressing social and racial injustice.
Banner Corporation (NASDAQ: BANR) will report its third quarter 2020 results after market close on October 21, 2020. Management will host a conference call on October 22, 2020, at 8:00 a.m. PDT to discuss the financial results, which will be available via live broadcast at www.bannerbank.com. The call will also be accessible for replay for one week following the event. Banner Corporation is a $14.4 billion bank holding company operating two commercial banks across four Western states, providing a variety of banking services.
Banner Corporation (NASDAQ: BANR) announced plans to merge Islanders Bank into Banner Bank, pending regulatory approval. The merger aims to leverage Banner Bank's strong growth and brand presence in the North Puget Sound Region. Islanders Bank operates three branches in the San Juan Islands, all of which will remain open post-merger. This consolidation is expected to enhance product offerings and operational efficiencies. The integration process is anticipated to be completed by the first quarter of 2021.
On June 30, 2020, Banner Corporation (BANR) announced the completion of its underwritten offering of $100 million in 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030. The notes were sold at par, yielding net proceeds of approximately $98 million. The funds will support corporate purposes, including potential growth through acquisitions, debt repayment, dividend payments, and investments in regulatory capital for its banks. BofA Securities and Piper Sandler were the book-running managers for the offering.
Banner Corporation (NASDAQ: BANR) announced the pricing of a public offering of $100 million in 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030. The initial interest rate is 5.00% per annum until June 30, 2025, then switching to a floating rate. The offering aims to qualify as Tier 2 capital and is expected to close on June 30, 2020. Net proceeds of approximately $98.5 million will be used for general corporate purposes, including growth, debt repayment, and regulatory capital investments in its banks.
Banner Corporation (NASDAQ: BANR) will report its second quarter 2020 results after the market closes on July 22, 2020. A conference call will take place the following day, July 23, 2020, at 8:00 a.m. PDT to discuss the results. The company operates two banks, Banner Bank and Islanders Bank, with a total asset value of $12.78 billion. Investors can listen live via the website or dial in for participation. A replay will be available for a week after the call. Forward-looking statements are included, cautioning about potential risks and uncertainties that may affect actual results.
The Banner Corporation (NASDAQ: BANR) Board of Directors announced the unexpected death of board member Cheryl R. Bishop on June 16, 2020. Effective since 2018, Ms. Bishop was a respected leader in the banking industry and former CEO of Skagit Bank, known for her dedication to community banking. Her passing is felt deeply within the company and the communities she served. The board will not fill her position at this time. Banner Corporation operates as a bank holding company with significant assets and services across Western states.
FAQ
What is the current stock price of Banner (BANR)?
What is the market cap of Banner (BANR)?
