| Business Summary | | Banner
Corporation,
formerly
First
Washington
Bancorp,
Inc.,
is
primarily
engaged
in
the
business
of
planning,
directing
and
coordinating
the
business
activities
of
its
wholly
owned
subsidiaries,
Banner
Bank
(BB)
and
Banner
Bank
of
Oregon
(BBO).
Prior
to
the
consolidation
and
name
change
that
occurred
on
October
30,
2000,
the
Company's
subsidiaries
included
First
Savings
Bank
of
Washington,
Inland
Empire
Bank
and
Towne
Bank
(TB).
TB
was
merged
into
BB
on
October
30,
2000.
As
of
December
31,
2000,
Banner
Bank
was
a
Washington-chartered
commercial
bank
whose
deposits
were
insured
by
the
Federal
Deposit
Insurance
Corporation
under
the
Savings
Association
Insurance
Fund.
BB
has
traditionally
offered
a
wide
variety
of
deposit
products
to
its
retail
customers,
while
concentrating
its
lending
activities
on
real
estate
loans.
BBO
has
offered
a
wide
variety
of
deposits
and
loan
products
to
its
consumer
and
commercial
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Banner
Corporation
is
the
bank
holding
company
for
Banner
Bank
and
Banner
Bank
of
Oregon.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
6%
to
$80.3
million.
Net
interest
income
after
loan
loss
prov.
rose
less
than
1%
to
$32.8
million.
Net
income
rose
3%
to
$9.3
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets,
partially
offset
by
an
increase
in
deposits.
Earnings
reflect
an
increase
in
service
charges
and
other
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Sirmon, 57 CEO,
Pres, Director | $499K | Lloyd Baker, 52 CFO,
Exec. VP | 170K | Cynthia Purcell, 43 COO,
Exec. VP | -- | Jesse Foster, 62 Director
and Pres and CEO of BBO | 208K | S. Rick Meikle, 53 Director
and Pres of BB and Director of BBO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|