Banner Bank

Name

Banner Bank

Legal name

Banner Corporation

Website

http://bannerbank.com

Company type

Public

Founded year

1890

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Walla Walla

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial real estate, C&I loans, consumer loans, and residential mortgages offset by interest paid on deposits. Banner reported net interest margin of 4.11% in Q1 2026.
2. Fee-Based Income: Non-interest income from deposit account fees, wire transfer fees, merchant services, treasury management fees, and credit card interchange
3. Loan Origination Fees: Income from originating mortgages, commercial loans, SBA loans, and consumer loans with rate discounts for automatic payment enrollees
4. Overdraft and ATM Fees: Fees for overdraft transactions ($30 per item) and non-Banner ATM usage, with reimbursements on Connected Checking accounts
5. Paper Statement Fees: Monthly fees for paper statements ($2-4 depending on check images) with free eStatements available

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels7 records

Core offering

Banner Bank is a regional community bank operating in the Pacific Northwest (Washington, Idaho, Oregon, and California) that delivers deposit products, consumer and commercial lending, mortgage financing, treasury management, merchant services, and international trade finance to individuals, small businesses, and commercial clients. The bank combines physical branches with digital banking platforms (online, mobile, and Bank-By-Phone) and serves as the operating subsidiary of publicly traded Banner Corporation (NASDAQ: BANR).

Product overview

Banner Bank operates as a regional commercial bank organized under three primary client segments: Personal Banking, Business Banking (for companies with annual revenues up to $10 million), and Commercial Banking (for companies exceeding $10 million with complex needs). The bank offers a unified platform of deposit products (checking, savings, CDs), lending solutions (personal, business, commercial, agricultural, and home loans including SBA and QuickStep small business loans), and digital banking services. Core digital offerings include Online and Mobile Banking, Bank-by-Phone, Treasury Management, and Merchant Services. The bank also provides specialized international banking services for globally-active clients. A notable pending development is the acquisition of Pacific Financial Corporation (Bank of the Pacific), expected to close in Q3 2026, which would add 18 branches in Washington and Oregon.

Differentiator

Problem solved

Functional benefit

Products and services

• Connected Checking Personal checking account for individual consumers offering up to two non-Banner ATM surcharge reimbursements per month, digital wallet support, free eStatements, and optional overdraft protection linked to savings or a line of credit. Monthly service charge is $4, waivable with $500 minimum daily balance or $500+ direct deposits per cycle.
• Connected Savings Interest-bearing personal savings account for individual consumers with unlimited deposits and withdrawals, competitive interest compounded daily and credited quarterly, and $3 monthly service charge waivable with $100 minimum daily balance or $25+ automatic transfer from a Banner checking account.
• Personal Loans Unsecured personal loans for individual consumers with 0.50% rate discount available for establishing automatic payment from a Banner checking account.
• Home Loans Comprehensive residential mortgage financing including construction and renovation loans, conventional loans, FHA and VA loans, first-time homebuyer programs, land and lot loans, and manufactured home loans, offered through home loan officers and branch locations.
• Credit Cards Mastercard-branded consumer credit cards with Zero Liability Protection and Identity Theft Protection services for individual cardholders.
• Wealth and Investment Services Wealth management and investment advisory services offered to personal and business clients of Banner Bank.
• QuickStep Loans Quick business loans designed for small businesses seeking fast financing, part of Banner Bank's small business lending portfolio.
• SBA Lending Small Business Administration loan programs including SBA Express Loans and Lines of Credit available to qualifying small businesses for working capital and growth financing.
• International Banking Services Trade finance and international banking services for businesses engaged in global trade, including export letters of credit, foreign exchange forwards, documentary collections, wire transfers, and export credit insurance integration with the U.S. Export-Import Bank.
• Merchant Services Payment processing services enabling businesses to accept card payments and manage customer transactions.
• Treasury Management Cash management services for businesses including deposit accounts, transaction reporting, Positive Pay fraud protection, ACH origination, wire transfers, and remote deposit tools for managing key transactions remotely.
• Agriculture Loans Specialized agricultural lending products for farming and ranching operations, part of Banner Bank's commercial banking portfolio.
• Commercial Real Estate Financing Large-scale commercial real estate project financing for companies with complex organizational structures and annual revenues exceeding $10 million.
• Online and Mobile Banking Digital banking platform available via desktop, tablet, and smartphone with online account access, bill pay, account transfers, mobile check deposit, Zelle peer-to-peer payments, and digital wallet support (Apple Pay, Google Pay, Samsung Pay).
• Bank-By-Phone 24/7 telephone banking service at 800-527-6435 for account balance inquiries, fund transfers, card loss reporting, and branch information using a touch-tone phone.

Quantifiable outcome

• Net income of $54.7 million in Q1 2026, up 23% year-over-year
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature12 records

Partnerships

One partnership is on record.

• Pacific Financial CorporationcoreStrategic or Co-development Partner · 30 April 2026Banner Corporation agreed to acquire Pacific Financial Corporation (parent of Bank of the Pacific) in a $177 million all-stock transaction. The merger will expand Banner's presence in Western Washington and Western Oregon with 18 additional branches and $1.3 billion in assets, creating an approximately $18 billion combined institution. Pacific Financial shareholders will receive 0.2633 shares of Banner common stock per share and own approximately 7% of the combined entity. The transaction was unanimously approved by both boards and is subject to Pacific Financial shareholder approval and regulatory clearances, expected to close Q3 2026.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Columbia Banking System (Umpqua Bank): Columbia Banking System, operating as Umpqua Bank after the 2023 merger, is the most direct Pacific Northwest peer to Banner — both are regional commercial banks with comparable Pacific Northwest branch density, similar SMB and commercial lending focus, and asset bases in the $15-25B range. They compete head-to-head in commercial banking, deposits, and mortgage origination across Oregon and Washington.
• Heritage Financial Corporation: Heritage Financial operates Heritage Bank, a Pacific Northwest community bank with overlapping footprint in Washington and Oregon. Comparable to Banner in community-banking positioning, CRE and SMB lending mix, and asset size (~$8-12B), Heritage competes directly for the same Pacific Northwest relationship-banking clients.
• First Interstate BancSystem: First Interstate is a regional community bank holding company with comparable asset size (~$30B), a multi-state community banking model, similar SMB and commercial lending focus, and consistent recognition on Forbes' 100 Best Banks list. Operates across Mountain West and Midwest with similar relationship-banking differentiation versus national banks.
• Pacific Premier Bancorp: Pacific Premier operates a Pacific-region commercial bank with comparable asset size (~$15-20B), similar SMB and middle-market commercial banking focus, and significant CRE and SBA lending exposure. Competes with Banner for Pacific commercial relationships, especially in California and Washington.
• CVB Financial (Citizens Business Bank): CVB Financial operates Citizens Business Bank, a California-focused commercial bank with similar asset size (~$15B), strong community banking positioning, comparable commercial and CRE lending mix, and recurring Forbes 100 Best Banks recognition. Overlaps with Banner in California's Inland Empire and Central Valley markets.

Regional players

• East West Bancorp: East West is a larger California-based regional bank (~$70B assets) with comparable commercial banking and trade finance capabilities. While its Asian-American banking specialization differentiates it, it competes with Banner for California commercial relationships, international banking services, and CRE lending opportunities.
• Cathay General Bancorp: Cathay General is a California-focused commercial bank (~$25B assets) with significant commercial real estate lending and Asian-American business banking focus. While differentiated by niche, it competes with Banner for California commercial deposits, C&I lending, and CRE financing in overlapping West Coast markets.

Broad incumbents

• UMB Financial Corporation: UMB is a diversified Midwestern bank holding company (~$50B assets) with comparable commercial banking, treasury management, and asset-based lending services. While geographically different, it competes for institutional treasury management and commercial banking relationships and serves as a benchmark for mid-size regional bank operating models.
• Zions Bancorporation: Zions is a much larger diversified Western U.S. bank holding company (~$80B assets) operating multiple regional bank brands including Zions Bank, California Bank & Trust, and Amegy Bank. Direct competitor in California and Pacific Northwest commercial banking, with broader product breadth but less localized relationship focus than Banner.
• KeyCorp: KeyCorp is a large super-regional bank (~$190B assets) with significant commercial banking and middle-market lending operations across the Western U.S. While much larger and more diversified than Banner, it competes for larger commercial clients in overlapping Pacific Northwest and California markets, and serves as a benchmark for commercial banking economics at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCImpS8QBaXyuhpBoyYqUePg
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• LinkedInlinkedin.com/company/banner-bank
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• Xx.com/banner_bank

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banner Bank