Banner Bank Releases Inaugural Environmental, Social and Governance Highlights Report

Rhea-AI Summary

Banner Corporation (NASDAQ: BANR) announced the release of its inaugural Environmental, Social and Governance (ESG) Highlights Report, aiming to enhance transparency regarding its community impact and ESG initiatives. The report outlines the Bank's ongoing practices in environmental risk management, social responsibility, and governance. CEO Mark Grescovich emphasized the importance of this report for sharing detailed ESG efforts. Banner Corporation, with assets of $16.36 billion, operates a commercial bank across four Western states.

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• Launch of inaugural ESG Highlights Report enhances transparency.
• Emphasis on long-term commitment to ESG activities.

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• None.

WALLA WALLA, Wash., Dec. 23, 2022 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) the parent company of Banner Bank, today announced that the Bank has published its inaugural Environmental, Social and Governance (“ESG”) Highlights Report.

The Bank created the report to formally share details about its efforts to make an impact within the communities it serves and provide transparency around accomplishments and plans that demonstrate its commitment to ESG initiatives. The report identifies ongoing practices and recent accomplishments in the areas of environmental risk and impact management, social responsibility (including diversity, equity and inclusion), and governance.

“We’ve been engaged in ESG activities and practices for a very long time—creating this report makes it easier to share more examples and greater detail with interested stakeholders in a single, dedicated document,” said Mark Grescovich, President and CEO of Banner Corporation and Banner Bank.

More than 130 years ago, Banner Bank started with core values that remain just as relevant today: listen, learn and help people and businesses reach their financial goals. And when paired with the company’s longtime guiding principle to “Do the Right Thing,” this creates a natural pathway to engaging in ESG activities for all our stakeholders, including communities, colleagues, clients and shareholders.

To learn more about the Bank’s ESG efforts and view the report, please visit www.bannerbank.com/esg

About the Company

Banner Corporation is a $16.36 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 at www.bannerbank.com.

Contact: Rich Arnold, Senior Vice President, Investor Relations Director: 509-344-5351 or rich.arnold@bannerbank.com

FAQ

What does the ESG Highlights Report for BANR entail?

The report outlines Banner Corporation's efforts in environmental risk management, social responsibility, and governance.

When was the ESG report by Banner Corporation published?

The ESG Highlights Report was published on December 23, 2022.

What is the significance of the ESG report for Banner Corporation?

The ESG report aims to share the Bank's community impact and commitment to sustainability with stakeholders.

How has Banner Corporation engaged in ESG initiatives?

Banner Corporation has been involved in ESG activities for many years, focusing on community engagement, diversity, and inclusion.