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Banner Corporation Named on Forbes List of the 50 Most Trustworthy Financial Companies

WALLA WALLA, Wash., April 28, 2014 (GLOBE NEWSWIRE) -- Banner Corporation (Nasdaq:BANR), the holding company of Banner Bank and Islanders Bank, was recently included on a list of the 50 Most Trustworthy Financial Companies by Forbes. Banner was the only company headquartered in the Pacific Northwest to be included on the list.

Proprietary ratings provider and investment advisor, GMI Ratings constructed the list on behalf of Forbes. GMI developed the list of the 50 Most Trustworthy Financial Companies by reviewing the accounting and governance behaviors of more than 8,000 publicly-traded companies in North America. Elements factored into GMI's research include high-risk events, revenue and expense recognition methods, SEC actions, and bankruptcy risk to determine a company's credibility.

"We are honored to have Banner Corporation recognized by Forbes as one of the 50 Most Trustworthy Financial Companies," said Mark J. Grescovich, President and Chief Executive Officer for Banner. "Our high standards and thorough corporate governance and accounting processes provide a solid foundation on which our shareholders rely. We endeavor to always do the right thing, which guides all our actions whether they're in support of shareholders, clients, employees, or the communities in which we operate. Being the only financial services company headquartered in the Pacific Northwest to earn the Forbes recognition demonstrates our successful ability to deliver honest and direct communication about how we're running our business and further supports the strength of Banner's stock."

About Banner Bank

Banner Bank is a Washington-chartered commercial bank that conducts business from 84 locations in Washington, Oregon and Idaho. Banner Bank is a community bank which offers a wide variety of commercial banking services and financial products to individuals and small and medium-sized businesses and their employees in its primary market area. Visit Banner Bank on the Web at www.bannerbank.com.

About Banner Corporation

Banner Corporation is a $4.5 billion bank holding company operating two commercial banks in Washington, Oregon and Idaho. Banner serves the Pacific Northwest region with a full range of consumer and business deposit services, commercial real estate, construction, residential, agricultural and consumer loans.

CONTACT: Dianne Larsen, Sr. Vice President, Director of Marketing DLarsen@bannerbank.comSource:Banner Corporation