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New Asset-Based Lending Manager Joins Banner Bank Commercial Banking Division

WALLA WALLA, Wash., June 18, 2013 (GLOBE NEWSWIRE) -- Banner Bank, a wholly owned subsidiary of Banner Corporation (Nasdaq:BANR), has hired Gregg Marsicano as Senior Vice President, Asset-Based Lending Manager to lead Banner's commercial asset-based lending services throughout its footprint the Pacific Northwest. Marsicano brings nearly 30 years of asset-based lending experience to develop creative financing solutions tailored to the specific needs of Banner Bank's clients and prospects.

"Gregg brings extensive experience and knowledge to this leadership position within Banner's commercial team," said Jim Reed, Senior Vice President, Commercial Executive. "Asset-based lending (ABL) is an important component of Banner's commercial credit offering to our business clients. The credit solutions we offer provide our clients with the capital to continue, expand or diversify operation of their business. ABL is a great line of business for Banner and requires particular experience and skills to do right and do well; Gregg brings these skills, experience and more to service Banner Bank's clients."

Prior to joining Banner, Marsicano worked at Wells Fargo for 15 years as SVP, Business Development Officer where he established a satellite office in Seattle to serve the states of Washington, Oregon, Idaho and Alaska. Committed to serving the asset-based lending industry and its clients, Marsicano has served on the boards and is a current member of the Turnaround Management Association-Northwest Chapter and the Association for Corporate Growth. Marsicano earned a Bachelor of Science in Accounting and Finance from Saint Joseph's University in Philadelphia, Pennsylvania.

About Banner Bank

Banner Bank is a Washington-chartered commercial bank that conducts business from 85 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 $4.3 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: FOR MORE INFORMATION: Dianne Larsen, Sr. Vice President, Director of Marketing DLarsen@bannerbank.comSource:Banner Corporation