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Banner Bank Announces Plans to Enter the Boise Market.


Business Editors

WALLA WALLA Walla Walla (wŏl`ə wŏl`ə), city (1990 pop. 26,478), seat of Walla Walla co., SE Wash., at the junction of the Walla Walla River and Mill Creek, near the Oregon line; inc. 1862. , Wash.--(BUSINESS WIRE)--March 4, 2004

Banner Bank Banner Bank is a Washington financial institution based in Walla Walla. Originally known as First Federal Savings And Loan Of Walla Walla, it was the oldest Savings and Loan institution in the state of Washington.  announced today that it is entering the southwestern Idaho market, including Boise and Twin Falls Twin Falls, city (1990 pop. 27,591), seat of Twin Falls co., S Idaho, in the Snake River valley; inc. 1905. The city began as a center of a private irrigation project, which is supplemented by the Minidoka project of the U.S. Bureau of Reclamation. . The Company plans to initially operate commercial lending centers in the area and has hired a group of 11 well known, experienced commercial bankers to lead the Bank's expansion efforts. Phase two of the plan will have the Bank add retail bank branches in the area to provide full service commercial banking operations to the entire communities.

"The southern Idaho Southern Idaho is a generic geographical term roughly analogous with the areas of the U.S. state of Idaho located in the Mountain Time Zone. It particularly refers to the combined areas of the Boise metropolitan area, the Magic Valley and Eastern Idaho.  market offers Banner Bank an excellent opportunity to extend our franchise and serve a growing, vital center in the Pacific Northwest," said D. Michael Jones Mike or Michael Jones may refer to:

In sports:
  • Michael Jones (footballer) (born 1987), English footballer
  • Michael Niko Jones (born 1965), rugby union player and coach
  • Mike Jones (linebacker) (born 1965), American football player
, President and Chief Executive Officer of Banner Bank. "While this expansion will dilute net earnings in the first year by approximately $800,000, the southwestern Idaho market adds geographic diversity to our major lending centers in Portland and the Puget Sound area." Banner Bank currently operates two branch offices in Lewiston, Idaho.

The new Idaho team of lenders will be led by Willis Robinette, who has 20 years of banking experience in the state. Prior to joining Banner Bank, Robinette was responsible for managing all facets of commercial banking in Southern Idaho for a large banking institution.

"We are extremely pleased to have Willis Robinette and his team of commercial lenders join us," said Jones. "We believe they are the right people to introduce Banner Bank's services into the market. Their past success and knowledge of potential customers will serve us well."

Banner Bank, a subsidiary of Banner Corporation(Nasdaq:BANR BANR Board on Agriculture and Natural Resources ), is a commercial bank which operates a total of 42 branch offices and 10 loan offices in 20 counties in Washington This is a list of counties in Washington. There are thirty-nine counties in the U.S. state of Washington.

Certain residents of Snohomish County consider themselves to be part of Freedom County.
, Oregon and Idaho. Banner serves the Pacific Northwest region with 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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 4, 2004
Words:321
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