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Actionable news in BANR: Banner Corporation,

Banner: Lloyd W. Baker, Cfo

The following excerpt is from the company's SEC filing.

(509) 527-3636

Release

Banner Corporation Renews Stock Repurchase Program

Walla Walla, WA – April 4, 2016 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that its Board of Directors has renewed its authorization to repurchase of up to 5% of its common stock, or 1,711,540 shares. Under the plan, shares may be repurchased by the Company in open market purchases. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.

“We b elieve having the option to repurchase shares offers an additional capital management tool for building long-term shareholder value,” said Mark J. Grescovich, President and Chief Executive Officer.

About the Company

On October 1, 2015, Banner Corporation completed the acquisition of AmericanWest Bank which was...


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