Banner Corp.

Banner Corp.

Banner Corp.

Overview
Date Founded

1998

Headquarters

10 South First Avenue, Walla Walla, WA, 99362, USA

Type of Company

Public

Employees (Worldwide)

2,061

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Banner Corp. operates as a holding company for Banner Bank. It offers deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. It also provides commercial banking services and financial products to individuals, businesses and public sector entities. The company was founded in 1995 and is headquartered in Walla Walla, WA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer, Treasurer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Chief Risk Officer & Executive Vice President

Chief Information Officer & Executive Vice President

Executive Vice President & Chief Credit Officer

Executive Vice President-Operations

Executive Vice President-Commercial Banking

Executive Vice President, Mortgage Banking Director

Executive Vice President, South Region Commercial Banking

Board of Directors

President at FAO Corp.

Executive Chairman & Chief Executive Officer at Byline Bancorp, Inc.

Senior Advisor to the Banking Practice at Deloitte & Touche LLP

Chairman & Manager at Empire Investments LLC

President & Chief Executive Officer at Banner Corp.

Chief Operating Officer at Bill & Melinda Gates Foundation

Former Partner at PricewaterhouseCoopers LLP

Chief Operating Officer at 7 Cups of Tea Co.

Managing Partner at Layman Law Firm PLLP

Former Vice Chairman & Chief Financial Officer at MUFG Union Bank NA

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Owners & Shareholders
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Channing Capital Management employs a long-term value-oriented approach to investing in US mid-cap and small-cap stocks. The firm utilizes a fundamental, bottom-up value investment philosophy that focuses on undervalued and neglected stocks primarily with a market-cap of $2 billion to $15 billion. They look for companies that are trading at significant discounts to their intrinsic value. Portfolios are constructed on a stock-by-stock basis with a focus on the return potential of individual securities. Channing’s relatively concentrated approach focuses on stock picking rather than market timing or sector allocation. The firm relies primarily on stock selection to generate above average returns as opposed to forecasts which emphasize sector weightings relative to a portfolio benchmark. However, Channing does employ sector and industry diversification as a risk management tool.

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DRZ follows a value income methodology with all of its value-income strategies. This value income philosophy is based on a belief that undervalued stocks with an above-average dividend yield and the existence of an imminent fundamental catalyst provide the opportunity for increased total returns with reduced volatility. Investments are selected based on three criteria: (1) low long-term relative valuation, (2) above average dividend yield, and (3) the existence of an imminent fundamental catalyst. The firm employs bottom-up stock selection process. Client portfolios are actively managed and are generally invested in equities subject to the investment strategy, objective selected and any investment restrictions or guidelines imposed by the client. DRZ sells a stock if the yield falls below the acceptable limit, relative price target has been achieved, and the company is not performing as expected or if the sector or country begins to look less favorable.

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FJ Capital is a fundamentally-driven manager which focuses on opportunities in the financial services industry, with an emphasis on the US community/regional bank sector. The firm invests primarily in equity securities of under-followed, publicly traded US community banks. They construct portfolios using proprietary fundamental research to uncover value disparities in the small- and mid-cap banking sector. FJ Capital seeks to take advantage of these disparities by building core positions with longer-term holding periods. They also seek to generate attractive, risk-adjusted investment returns by uncovering opportunities with identifiable, near-term catalysts.

Recent Transactions
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Banner Corp., The First National Bank in Creston (Iowa) purchase Century Bank (Shenandoah, Iowa) from CNB Corp. (Iowa)

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Banner Corp. purchases AltaPacific Bancorp

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Banner Corp. purchases Skagit Bancorp, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBanner Corp. purchases F&M Bank (Spokane, Washington)

Legal Advisor

Advised onBanner Corp. purchases Siuslaw Financial Group Inc.

Underwriter

Advised onBanner Corp. issued USD Common Stock

Legal Advisor

Advised onBanner Corp. purchases Siuslaw Financial Group Inc.

Legal Advisor

Advised onBanner Corp. purchases Starbuck Bancshares, Inc. from FFL Partners LLC, Goldman Sachs Capital Partners, SKBHC Holdings LLC, Oaktree Capital Management (Private Equity)

Legal Advisor

Advised onBanner Corp. purchases Skagit Bancorp, Inc.

Key Stats and Financials As of 2020
Market Capitalization
$1.82B
Total Enterprise Value
$1.95B
Earnings Per Share
$3.26
Revenue
$617M
Net Profit
$116M
Total Equity
$1.67B
Enterprise Value / Sales
3.16x
TEVNet Income
16.84x
Debt TEV
0.31x
Total Debt
$609M
Three Year Compounded Annual Growth Rate Of Revenue
6.43%
Non-Profit Donations & Grants
Competitors
Umpqua Holdings Corp. Retail & Commercial Banking - Portland, OR

Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has 184 locations between San Francisco, Calif., and Seattle, Wash., along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Bank’s Private Bank Division serves high net worth individuals and non-profits providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore.

Western Alliance Bancorp. Retail & Commercial Banking - Phoenix, AZ

Western Alliance Bancorp is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services. It operates through the following business segments: Commercial; Consumer Related, and Corporate and Other. The Commercial segment focuses in delivering commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. The Consumer Related segment provides commercial banking services to enterprises in consumer-related sectors and consumer banking services. The Corporate and Other segment represents the Company's investment portfolio, Corporate borrowings and other related items, income and expense items. The company was founded in 1995 and is headquartered in Phoenix, AZ.

Banc of California, Inc. Retail & Commercial Banking - Irvine, CA

Banc of California, Inc. is a holding company, which engages in the provision of commercial banking services. It offers personal banking, business and commercial banking, real estate banking, and private banking. The company was founded in March 2002 and is headquartered in Santa Ana, CA.

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