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officer: Executive Vice President until August 8th, 2013
Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (April 24th, 2018)

Walla Walla, WA - April 23, 2018 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported that strong core deposit growth, a re-leveraged balance sheet and improved net interest margin contributed to continued solid revenue generation, which coupled with a significantly lower federal tax rate, resulted in substantially increased first quarter 2018 financial results. Net income in the first quarter of 2018 increased 21% to $28.8 million, or $0.89 per diluted share, compared to $23.8 million, or $0.72 per diluted share, in the first quarter a year ago. In the preceding quarter, following a revaluation of deferred tax assets due to the Tax Cuts and Jobs Act resulting in an additional tax expense of $42.6 million, or $1.30 per diluted share, Banner reported a net loss of $13.5 million, or $0.41 per diluted share.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (March 28th, 2018)

Walla Walla, WA – March 28, 2018 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that its Board of Directors increased its regular quarterly cash dividend by 40% to $0.35 per share.  The dividend will be payable April 19, 2018, to common shareholders of record on April 10, 2018.

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (January 25th, 2018)

Walla Walla, WA - January 24, 2018 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported that core operations remain strong and year-over-year revenue growth contributed to increased fourth quarter and 2017 income before provision for income taxes. However, as a result of the previously announced write-down of deferred tax assets, which resulted in an additional tax expense of $42.6 million, or $1.30 per diluted share, Banner reported a net loss in the fourth quarter of 2017 of $13.5 million, or $0.41 per diluted share. This compares to net income of $25.1 million, or $0.76 per diluted share, in the preceding quarter and net income of $22.8 million, or $0.69 per diluted share, in the fourth quarter a year ago. For the year ended December 31, 2017, net income was $60.8 million, or $1.84 per diluted share, compared to $85.4 million, or $2.52 per diluted share, in 2016. There were no acquisition-related costs in 2017, compared to

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (October 25th, 2017)

Walla Walla, WA - October 25, 2017 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported that year-over-year revenue growth contributed to solid third quarter and year-to-date 2017 operating results. Net income in the third quarter of 2017 was $25.1 million, or $0.76 per diluted share, compared to $25.5 million, or $0.77 per diluted share, in the preceding quarter and increased 5% compared to $23.9 million, or $0.70 per diluted share, in the third quarter a year ago. There were no acquisition-related expenses in the third quarter of 2017 or the preceding quarter. In the third quarter a year ago, acquisition-related expenses totaled $1.7 million. In the first nine months of 2017, net income increased 19% to $74.3 million, or $2.25 per diluted share, compared to $62.6 million, or $1.83 per diluted share, in the first nine months of 2016. There were no acquisition-related costs in the first nine months of 2017, compared to $10.9

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (July 27th, 2017)

Walla Walla, WA - July 26, 2017 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported that continued revenue growth contributed to strong second quarter 2017 operating results. Net income in the second quarter of 2017 increased 7% to $25.5 million, or $0.77 per diluted share, compared to $23.8 million, or $0.72 per diluted share, in the preceding quarter and increased 21% compared to $21.0 million, or $0.61 per diluted share, in the second quarter a year ago. There were no acquisition-related costs in the second quarter of 2017 or the preceding quarter. In the second quarter a year ago acquisition costs totaled $2.4 million. In the first six months of 2017, net income increased 27% to $49.2 million, or $1.49 per diluted share, compared to $38.7 million, or $1.14 per diluted share, in the first six months of 2016. There were no acquisition-related costs in the first half of 2017, compared to $9.2 million in acquisition-related

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (April 26th, 2017)

Walla Walla, WA – April 26, 2017 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that shareholders approved all proposals and re-elected all director nominees at its 2017 Annual Meeting held April 25, 2017 in Walla Walla, Washington.

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (April 24th, 2017)

Walla Walla, WA - April 24, 2017 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported continued strong revenue generation contributed to solid first quarter 2017 operating results. Net income in the first quarter of 2017 increased 4% to $23.8 million, or $0.72 per diluted share, compared to $22.8 million, or $0.69 per diluted share, in the preceding quarter and increased 34% compared to $17.8 million, or $0.52 per diluted share, in the first quarter a year ago. The current quarter results did not include any acquisition-related expenses. The results for the preceding quarter included $788,000 of acquisition-related expenses which, net of tax benefit, reduced net income by $0.02 per diluted share, while operating results in the first quarter a year ago included $6.8 million of acquisition-related expenses which, net of tax benefit, reduced net income by $0.13 per diluted share.

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (April 3rd, 2017)

Walla Walla, WA – March 31, 2017 – 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 up to 5% of its common stock, or 1,658,245 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.

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (March 1st, 2017)

Walla Walla, WA – March 1, 2017 – Banner Corporation (NASDAQ: BANR), the parent company of Banner Bank and Islanders Bank, today announced that Merline Saintil has been appointed to the Board of Directors of Banner Corporation. Ms. Saintil was also appointed to the Board of Directors of Banner Bank.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (May 5th, 2016)

Walla Walla, WA – May 4, 2016 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced  that Mark J. Grescovich, President and CEO, and executive management are scheduled to attend the Piper Jaffray Financial Services Conference being held on May 4-6, 2016 at the Four Seasons in Orlando, FL.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (April 28th, 2016)

Walla Walla, WA – April 27, 2016 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that shareholders approved all proposals and re-elected all director nominees at its 2016 Annual Meeting held April 26, 2016 in Walla Walla, Washington.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (April 26th, 2016)

Walla Walla, WA - April 25, 2016 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported strong earnings growth propelled by growth from recent acquisitions, organic loan and core deposit growth and net interest margin expansion.  Net income in the first quarter of 2016 increased to $17.8 million, or $0.52 per diluted share, compared to $6.9 million, or $0.20 per diluted share, in the preceding quarter and $12.1 million, or $0.61 per diluted share, in the first quarter a year ago.  The current quarter results were impacted by $6.8 million of acquisition-related expenses which, net of tax benefit, reduced net income by $0.13 per diluted share, and the preceding quarter results were impacted by $18.4 million of acquisition-related expenses which, net of tax benefit, reduced net income by $0.37 per diluted share.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (April 4th, 2016)

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.

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (March 3rd, 2016)

WALLA WALLA, WASHINGTON – March 3, 2016 - Banner Corporation (NASDAQ GSM: BANR), the holding company for Banner Bank and Islanders Bank, today announced that in connection with the acquisition of Starbuck Bancshares, Inc. and its wholly-owned subsidiary, AmericanWest Bank, of Spokane, Washington, which was merged with and into Banner Bank on October 1, 2015, the Banner board of directors has appointed David I. Matson, Roberto R. Herencia and Doyle L. Arnold to the Banner board of directors.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (January 28th, 2016)

Walla Walla, WA - January 27, 2016 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the fourth quarter of 2015 of $6.9 million, or $0.20 per diluted share, compared to $12.9 million, or $0.62 per diluted share, in the preceding quarter and $11.7 million, or $0.60 per diluted share, in the fourth quarter a year ago.  The current quarter results were impacted by $18.4 million of acquisition-related expenses which, net of tax benefit, reduced net income by $0.37 per diluted share, and the preceding quarter results were impacted by $2.2 million of acquisition-related expenses which, net of tax benefit, reduced net income by $0.09 per diluted share.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (October 21st, 2015)

Walla Walla, WA - October 21, 2015 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the third quarter of 2015 of $12.9 million, or $0.62 per diluted share, compared to $13.2 million, or $0.64 per diluted share, in the preceding quarter and $14.8 million, or $0.76 per diluted share, in the third quarter a year ago.  The current quarter results were impacted by $2.2 million of acquisition-related expenses which, net of taxes, reduced net income by $0.07 per diluted share, and the preceding quarter results were impacted by $3.9 million of acquisition-related expenses which, net of taxes, reduced net income by $0.13 per diluted share.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (July 21st, 2015)

Walla Walla, WA - July 20, 2015 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the second quarter of 2015 of $13.2 million, or $0.64 per diluted share, compared to $12.1 million, or $0.61 per diluted share, in the preceding quarter and $17.0 million, or $0.88 per diluted share, in the second quarter a year ago.  The current quarter results were impacted by $3.9 million of acquisition-related expenses which, net of taxes, reduced net income by $0.13 per diluted share, and the preceding quarter results were impacted by $1.6 million of acquisition-related expenses which, net of taxes, reduced net income by $0.07 per diluted share.  In the second quarter of 2014, Banner recognized a $9.1 million bargain purchase gain related to the acquisition of six branches in southwest Oregon, which net of related acquisition expenses contributed $0.23 to diluted net income per share.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (April 22nd, 2015)

Walla Walla, WA – April 22, 2015 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that shareholders approved all proposals and re-elected all director nominees at its 2015 Annual Meeting held April 21, 2015 in Walla Walla, Washington.

Banner Corp – CONTACT: MARK J. GRESCOVICH, PRESIDENT & CEO LLOYD W. BAKER, CFO (509) 527-3636 NEWS RELEASE (April 20th, 2015)

Walla Walla, WA - April 20, 2015 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the first quarter of 2015 was $12.1 million, or $0.61 per diluted share, compared to $10.6 million, or $0.54 per diluted share, for the first quarter a year ago.  In the preceding quarter, net income was $11.7 million, or $0.60 per diluted share.  The current quarter results were impacted by $1.6 million of acquisition-related expenses which, net of taxes, reduced net income by $0.07 per diluted share, and the preceding quarter results were impacted by $2.8 million of acquisition-related expenses which, net of taxes, reduced net income by $0.09 per diluted share.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (March 25th, 2015)

Walla Walla, WA – March 25, 2015 – Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.18 per share.  The dividend will be payable April 15, 2015, to common shareholders of record on April 6, 2015.

Banner Corp – Banner Corporation Shareholders Approve Amendment to Articles and Issuance of Stock in Connection with AmericanWest Bank Acquisition (March 18th, 2015)

Walla Walla, WA – March 17, 2015 - Banner Corporation (NASDAQ GSM: BANR) today announced that a Special Meeting of Banner shareholders was held on March 17, 2015 at its corporate offices in Walla Walla. At the Special Meeting, shareholders approved an amendment to Banner’s Articles of Incorporation to create a new class of Banner non-voting common stock and approved the issuance of an aggregate of 13,230,000 shares of Banner common stock and Banner non-voting common stock in accordance with the Agreement and Plan of Merger, dated as of November 5, 2014, by and among Banner Corporation, SKBHC Holdings LLC and Starbuck Bancshares, Inc.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (March 9th, 2015)

WALLA WALLA, WASHINGTON –  March 9, 2015 –  Banner Corporation (“Banner”) (NASDAQ: BANR), the holding company for Banner Bank and Islanders Bank, today announced that effective March 6, 2015, it had completed the acquisition of Siuslaw Financial Group, Inc. (“Siuslaw”) (OTCQB: SFGP) and its wholly-owned subsidiary, Siuslaw Bank, of Florence, Oregon.  Pursuant to the previously announced terms of the merger, Siuslaw shareholders are receiving $1.41622 in cash and 0.32231 of a share of Banner common stock in exchange for each share of Siuslaw common stock.  Immediately prior to the merger, each outstanding share of Siuslaw preferred stock automatically converted to one share of Siuslaw common stock with the preferred shareholders receiving the same merger consideration as the other Siuslaw common shareholders.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (January 21st, 2015)

Walla Walla, WA - January 21, 2015 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the fourth quarter of 2014 was $12.2 million, or $0.63 per diluted share, compared to $11.6 million, or $0.60 per diluted share, for the fourth quarter a year ago.  In the preceding quarter, net income was $14.8 million, or $0.76 per diluted share.  The current quarter results were impacted by $2.8 million of acquisition-related expenses which, net of taxes, reduced net income by $0.09 per diluted share.  For the year ended December 31, 2014, net income increased 17% to $54.6 million, or $2.82 per diluted share, compared to $46.6 million, or $2.40 per diluted share, in 2013.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (November 7th, 2014)

WALLA WALLA, WA –  November 7, 2014 –  Banner Corporation (“Banner”), the holding company for Banner Bank, previously announced that it had entered into an Agreement and Plan of Merger with Siuslaw Financial Group, Inc. (“Siuslaw”), the holding company for Siuslaw Bank.  In connection with the proposed transaction, Banner has received a waiver from the Federal Reserve Board from its application requirements with respect to the proposed merger of Siuslaw with and into Banner. As previously announced, Banner has also received approval from the Federal Deposit Insurance Corporation, the Washington Department of Financial Institutions and the Oregon Department of Consumer Business and Services.  The combined company will have approximately $5.1 billion in assets and will be the fourth largest commercial bank headquartered in the Pacific Northwest, as ranked by assets.

Banner Corp – Contact: Mark J. Grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (October 22nd, 2014)

Walla Walla, WA - October 22, 2014 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the third quarter of 2014 increased 27% to $14.8 million, or $0.76 per diluted share, compared to $11.7 million, or $0.60 per diluted share, for the third quarter a year ago.  In the preceding quarter, net income was $17.0 million, or $0.88 per diluted share, which was augmented by a bargain purchase gain related to the acquisition of six branches in Oregon, which net of related expenses added $0.23 to earnings per share.  In the first nine months of 2014, net income increased 21% to $42.4 million, or $2.19 per diluted share, compared to $35.0 million, or $1.80 per diluted share, in the first nine months of 2013.

Banner Corp – Contact: Mark J. Grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 NEWS RELEASE (August 8th, 2014)

WALLA WALLA, WASHINGTON and FLORENCE, OREGON –  August 7, 2014 –  Banner Corporation (“Banner”) (NASDAQ: BANR), the holding company for Banner Bank and Islanders Bank, and Siuslaw Financial Group, Inc. (“Siuslaw”) (OTCQB: SFGP), the holding company for Siuslaw Bank, an Oregon state chartered commercial bank, today announced the signing of an agreement pursuant to which Banner will acquire Siuslaw and merge it with and into Banner.  The agreement also calls for the merger of Siuslaw Bank with and into Banner Bank.  The combined company will have approximately $5.1 billion in assets and will be the fourth largest commercial bank headquartered in the Pacific Northwest, as ranked by assets.

Banner Corp – Contact: Mark J. Grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (July 23rd, 2014)

Walla Walla, WA - July 23, 2014 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income in the second quarter of 2014 of $17.0 million, or $0.88 per diluted share, compared to $10.6 million, or $0.54 per diluted share, in the preceding quarter and $11.8 million, or $0.60 per diluted share, for the second quarter a year ago.  Banner’s second quarter 2014 results were augmented by a bargain purchase gain related to the acquisition of six branches in Oregon, which net of related expenses added $0.23 per diluted share.  In the first six months of 2014, net income was $27.6 million, or $1.42 per diluted share, compared to $23.3 million, or $1.20 per diluted share, in the first six months of 2013.

Banner Corp – BANNER ANNOUNCES TERMINATION OF PURCHASE AGREEMENT WITH IDAHO BANKING COMPANY (June 30th, 2014)

Walla Walla, WA – June 30, 2014 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, announced today that it has terminated its agreement to acquire Idaho Banking Company (“Idaho Banking”) through the bidding process under Section 363 of Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Idaho (“Bankruptcy Court”).  Banner proposed to purchase all of the issued and outstanding shares of Idaho Banking pursuant to an Asset Purchase Agreement (“Agreement”) it had entered into with Idaho Bancorp (“Idaho Bancorp”), the bank holding company of Idaho Banking, on April 24, 2014.  In connection with the June 26, 2014 Court-supervised auction process, as contemplated by the Agreement, Idaho Banking received the highest offer from another bidder. Accordingly, the Agreement has been terminated.  Under the terms of the Agreement, consummation of the acquisition was subject to the Bankruptcy Court entering a fina

Banner Corp – Contact: Mark J. Grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (June 23rd, 2014)

Walla Walla, WA – June 23, 2014 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, announced today that Banner Bank completed the previously announced purchase of six branches of Umpqua Bank, an Oregon state-chartered bank, and successor to Sterling Savings Bank, a Washington state-chartered bank.  Five of the six branches are located in Coos County, Oregon and the sixth branch is located in Douglas County, Oregon.  In connection with the purchase, Banner Bank acquired approximately $211 million in deposits and $83 million in loans and related assets.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (April 25th, 2014)

WALLA WALLA, WASHINGTON and BOISE, IDAHO –  April 24, 2014 –  Banner Corporation (“Banner”) (NASDAQ: BANR), the holding company for Banner Bank and Islanders Bank, and Idaho Bancorp (OTCBB: IDBC), the holding company for Idaho Banking Company, today announced the signing of an agreement pursuant to which Banner will purchase all of the stock and equity interests in Idaho Banking Company and merge it with and into Banner Bank.  The combined company will have approximately $4.6 billion in assets and will be the fourth largest Pacific Northwest headquartered commercial bank as ranked by assets.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (April 23rd, 2014)

Walla Walla, WA – April 23, 2014 - Banner Corporation (NASDAQ GSM: BANR) today announced that shareholders approved all proposals, including the adoption of the 2014 Omnibus Incentive Plan, and re-elected all director nominees at its 2014 Annual Meeting held April 22, 2014 in Walla Walla, Washington.

Banner Corp – Banner Corporation Earns $10.6 Million, or $0.54 Per Diluted Share, in First Quarter 2014; (April 21st, 2014)

Walla Walla, WA - April 21, 2014 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income available to common shareholders in the first quarter of 2014 of $10.6 million, or $0.54 per diluted share, compared to $11.6 million, or $0.60 per diluted share, in both the preceding quarter and the first quarter a year ago.   The results for the fourth quarter of 2013 included a $3.0 million fee related to the termination of a proposed acquisition, which net of related expenses and taxes added $0.08 per share to earnings in that quarter.

Banner Corp – Contact: Mark J. grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (February 19th, 2014)

Walla Walla, WA – February 19, 2014 – Banner Corporation (NASDAQ: BANR), the parent company of Banner Bank and Islanders Bank, today announced that Banner Bank has entered into an agreement for the acquisition of six branches in Oregon from Sterling Savings Bank together with approximately $226 million in deposits and $95 million in loans.  Five of the six branches are located in Coos County, Oregon and the sixth branch is located in Douglas County.

Banner Corp – Contact: Mark J. Grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (January 29th, 2014)

Walla Walla, WA - January 22, 2014 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income available to common shareholders in the fourth quarter of 2013 of $11.6 million, or $0.60 per diluted share, compared to $11.7 million, or $0.60 per diluted share, in the preceding quarter and $13.3 million, or $0.69 per diluted share, in the fourth quarter a year ago.  For the full year 2013, Banner reported net income available to common shareholders of $46.6 million, or $2.40 per diluted share, compared to $59.1 million, or $3.16 per diluted share in 2012.  Banner’s results for 2012 were significantly augmented by a $24.8 million net tax benefit as a result of the reversal of its deferred tax asset valuation allowance, which was partially offset by a $16.5 million net loss for fair value adjustments.

Banner Corp – Contact: Mark J. Grescovich, President & CEO Lloyd W. Baker, CFO (509) 527-3636 News Release (October 24th, 2013)

Walla Walla, WA - October 23, 2013 - Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today reported net income available to common shareholders in the third quarter of 2013 of $11.7 million, or $0.60 per diluted share, compared to $11.8 million, or $0.60 per diluted share in the preceding quarter and $15.2 million, or $0.79 per diluted share, in the third quarter a year ago.  For the first nine months of 2013, Banner reported net income available to common shareholders of $35.0 million, or $1.80 per diluted share, compared to $45.8 million, or $2.48 per diluted share in the first nine months of 2012.  Banner’s results for the first nine months of 2012 were significantly augmented by a $29.4 million net tax benefit as a result of the reversal of its deferred tax asset valuation allowance, which was partially offset by a $16.9 million net loss for fair value adjustments.