Banner Corporation is a Washington based bank holding company with banks in Washington, Oregon, and Idaho. In a November 4th press release Banner announced its participation in the Treasury Department’s Capital Purchase Program. Banner will receive $124 million from the Treasury through sale of some of its stock. The company reported a loss of $1 million in the third quarter of 2008, which Banner’s CEO blamed largely on losses on investments in Fannie Mae and Freddie Mac.

10-31-2008 Banner Corp Form 10-Q

3-21-2008 Banner Corp Proxy

12-31-2007 Banner Corp Annual Report

12-31-2007 Banner Corp Form 10-K 

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November 8, 2008 Banner Bank ponders use for $124 million bailout (The East Oregonian)

November 4, 2008 BANR Participation in U.S. Treasury’s Capital Purchase Program (Press Release)

October 29, 2008 Banner Corporation Announces Third Quarter Results; Includes $2.9 Million Operating Profit and Remains ‘Well Capitalized’ (MarketWatch)

Bailout Bank Bio: Banner Corporation

Last Updated November 18, 2008