Banner Corporation Announces Results of Annual Meeting, Shareholders Approve All Proposals and Confirm All Nominated Directors to Board

Rhea-AI Summary

On April 28, 2021, shareholders of Banner Corporation (NASDAQ: BANR) approved all proposals and re-elected all director nominees at its virtual 2021 Annual Meeting of Shareholders. The company, with a valuation of $16.12 billion, operates a bank providing a range of deposit services and various loans across four Western states. The meeting's outcomes signal strong shareholder support and governance stability.

Positive

• Shareholders approved all proposals and re-elected director nominees, indicating strong governance support.

Negative

• None.

WALLA WALLA, Wash., April 29, 2021 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR), (“Company”), the parent company of Banner Bank, today announced that shareholders approved all proposals and re-elected all director nominees at its 2021 Annual Meeting of Shareholders held virtually on April 28, 2021.

About the Company

Banner Corporation is a $16.12 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 on the Web at www.bannerbank.com.

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in Banner Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Such forward-looking statements speak only as of the date of this release. Banner Corporation expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company’s expectations of results or any change in events.

Contact:	Mark J. Grescovich,
	President & CEO
	Peter J. Conner, CFO
	(509) 527-3636

 

FAQ

What proposals were approved at the Banner Corporation's 2021 Annual Meeting?

All proposals were approved by shareholders at the meeting held on April 28, 2021.

What is the significance of the 2021 Annual Meeting for Banner Corporation?

The meeting highlighted strong shareholder support for the company's governance and director nominations.

When was the 2021 Annual Meeting of Shareholders for Banner Corporation held?

The meeting took place virtually on April 28, 2021.

What is the market capitalization of Banner Corporation?

Banner Corporation has a market capitalization of $16.12 billion.

What services does Banner Bank offer?

Banner Bank offers a full range of deposit services and various types of loans across multiple sectors.