Banner Corporation Names D. Michael Jones President and CEO of Banner Bank.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)--Feb. 11, 2002 Banner Corporation (Nasdaq:BANR BANR Board on Agriculture and Natural Resources ), the parent company of 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. , today announced that D. Michael Jones Mike or Michael Jones may refer to: In sports:
Mr. Jones was formerly the President of West One Bancorp, which was headquartered in Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. . In his eight-year tenure, he helped to lead West One's successful growth, increasing assets from $3 billion to $8.5 billion at the time of West One's acquisition by US Bank. Prior to joining West One, Jones was President of Old National Bancorporation in Spokane, which had $2 billion in assets and 65 branch offices throughout Washington when it was acquired in 1987. Most recently, Jones was President and CEO of Source Capital Corporation, a specialty lending company doing business in 11 western states. He is a Certified Public Accountant-Inactive and has a Bachelor of Arts degree in Business from Washington State University Washington State University, at Pullman; land-grant and state supported; chartered 1890, opened 1892 as an agriculture college. From 1905 to 1959 it was the State College of Washington. . "Mike Jones' success in leading growing franchises will most certainly be an asset to our management team as Banner continues to expand," said Gary Sirmon, President and CEO of Banner Corporation. "His knowledge of banking, finance, accounting and the economies of the Pacific Northwest is exceptional. The board and management are excited about the expertise and potential that Mike brings to our organization." Jesse G. Foster, the recently named interim President of Banner Bank, will return to his duties as head of the Bank's commercial banking operations. He will continue to serve as a Director of Banner Bank and Banner Corporation. Banner Corporation is the parent of Banner Bank, a Washington state chartered commercial bank, which operates a total of 39 branch offices and six loan offices in 18 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
The 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.banrbank.com. On Friday, February 8, 2002, Banner Corporation's stock closed the trading day at $19.60 per share. Statements concerning future performance, developments or events, expectations for earnings, growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements, which are subject to a number of risks and uncertainties that are beyond the Company's control and might cause actual results to differ materially from the expectations and stated objectives. Factors which could cause actual results to differ materially include, but are not limited to, regional and general economic conditions, changes in interest rates and Banner's ability to successfully attract and retain key employees. Accordingly, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Banner undertakes no responsibility to update or revise any forward-looking statements. |
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