Banner Corporation Names Jesse G. Foster as Interim President 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)--Jan. 28, 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 Jesse G. Foster has been named interim President of Banner Bank. Mr. Foster has most recently served as President of Banner Bank's Oregon Region and for the last several months has acted as head of the Bank's commercial banking department. Mr. Foster was previously President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Banner Bank of Oregon (formerly Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. Bank), an Oregon state community bank. Mr. Foster joined Banner Corporation with the acquisition of Inland Empire Bank in 1996 as a Director of the Corporation and a member of its Executive Management Committee. "Jess Foster has shown himself to be an extremely capable leader," commented Gary Sirmon, President and CEO of Banner Corporation. "His 40 years of experience and detailed knowledge of all areas of banking make him an excellent choice to lead the Bank during our search for a new President." Rick Meikle, former Banner Bank President, has resigned from his management and board positions effective January 31 to pursue other opportunities. "The Board of Directors and I wish to express our appreciation to Rick for his service to Banner Bank and the former Towne Bank. We wish him every success in his future endeavors," said Sirmon. 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 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 Monday, January 28, 2002, Banner Corporation's stock closed the trading day at $18.19 per share. |
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