BANNER CORP

Banner General is a bank holding company incorporated in Washington State, operating through its wholly-owned subsidiary, Banner Bank. Banner Bank is a Washington-chartered commercial bank with its main office in Walla Walla, Washington. As of December 31, 2025, the bank operated 135 branch offices and 15 loan production offices across Washington, Oregon, California, Idaho, Utah, and Nevada. Banner is regulated by the Federal Reserve, while Banner Bank is regulated by the Washington State Department of Financial Institutions-Division of Banks (DFI) and the Federal Deposit Insurance Corporation (FDIC). As of December 31, 2025, Banner reported total consolidated assets of $16.35 billion, net loans of $11.56 billion, total deposits of $13.74 billion, and total shareholders' equity of $1.95 billion. Its common stock trades on the NASDAQ Global Select Market under the ticker symbol "BANR." Banner Bank is a regional bank providing commercial banking services and financial products to individuals, businesses, and public sector entities in its primary market areas. Its core business involves accepting deposits and originating loans in the areas surrounding its offices. The bank also participates in secondary loan markets through mortgage banking operations, originating and selling one- to four-family residential loans. Its lending activities include commercial business and commercial real estate loans, agriculture business loans, construction, land and land development loans, one- to four-family residential loans, multifamily real estate loans, U.S. Small Business Administration (SBA) loans, and consumer loans.