Welcome Islanders Bank Clients



Islanders Bank plans to merge with and into Banner Bank

 

July 22

Dear Current and Future clients:

The Board of Directors of Banner Corporation, the holding company of Banner Bank and Islanders Bank, has decided to merge Islanders Bank into Banner Bank, subject to customary approvals and closing conditions.

Since purchasing Islanders Bank more than a decade ago, Banner Corporation had elected to operate the bank under the separate brand.

“It is the right time to bring the two banks together,” said Mark Grescovich, Banner Corporation President and CEO.

Banner Bank and Islanders share core values regarding client service, care for employees and commitment to the communities in which we operate. Some operational functions are already handled centrally, which will further ease this transition. Like Banner Bank, Islanders is headquartered in Washington and focused on building long-term client relationships.

As a Banner client, you will benefit from access to even more resources, expanded product and service offerings as well as additional choices of where you do your banking as you travel throughout the region and the West.

We anticipate the merger will be complete in the first quarter of 2021. Until then, it is business as usual at all Islander Bank locations. In the coming weeks and months, you will receive more information regarding the merger, including details on specific products and services.

We look forward to welcoming the employees and clients of Islanders Bank to Banner Bank.

Sincerely,

Mark Grescovich
CEO & President

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