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

Rhea-AI Summary

On May 18, 2022, Banner Corporation (NASDAQ: BANR) held its Annual Meeting of Shareholders, where all proposals were approved and all director nominees were re-elected. The company, with assets amounting to $16.78 billion, operates one commercial bank across four Western states, offering a comprehensive range of banking services. This virtual meeting signifies continued confidence in the company’s leadership and strategic direction.

Positive

• All proposals were approved at the Annual Meeting.
• All director nominees were re-elected, indicating shareholder confidence.

Negative

• None.

WALLA WALLA, Wash., May 19, 2022 (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 2022 Annual Meeting of Shareholders held virtually on May 18, 2022.

About the Company

Banner Corporation is a $16.78 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, 2021. 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 happened at Banner Corporation's Annual Meeting on May 18, 2022?

At the Annual Meeting, all proposals were approved and all director nominees were re-elected.

What is the total asset value of Banner Corporation?

Banner Corporation has total assets of $16.78 billion.

Where does Banner Corporation operate?

Banner Corporation operates one commercial bank in four Western states.

What is the stock symbol for Banner Corporation?

The stock symbol for Banner Corporation is BANR.