Banner Corporation Announces Retirement of Banner Bank Chief Risk Officer; Replacement hiring


Judy Steiner

Executive Vice-President and Chief Risk Officer at Retirement

Executive Vice-President and Chief Risk Officer at Retirement

Jim costa

Executive Vice President and Chief Inbound Risk Management

Executive Vice President and Chief Inbound Risk Management

Executive Vice President and Chief Inbound Risk Management

WALLA WALLA, Washington, October 28, 2021 (GLOBE NEWSWIRE) – Banner Corporation (NASDAQ: GSM: BANR), the parent company of Banner Bank, today announced the retirement of Judy Steiner, Executive Vice President and Chief Risk Officer of the Bank, effective November 25, 2021. Jim Costa has been hired to succeed Steiner as Executive Vice President and Chief Risk Officer as well as responsible for the Bank’s banking regulatory liaison. Costa is joining the Bank immediately and will begin working with Steiner to ensure a smooth transition.

Steiner joined Banner Bank in 2016, shortly after the transformational acquisition of AmericanWest which doubled the size of the Bank’s assets. Prior to that, Steiner spent 25 years at FirstMerit Corporation in leadership roles including Executive Vice President and Chief Risk Officer, Secretary and General Counsel.

“We are grateful for the important contributions Judy made during her time at Banner,” said Mark J. Grescovich, President and CEO. “She was instrumental in resizing our business risk and compliance functions during a period of rapid growth for the business. Equally important is the structure and roadmap that she has put in place and one that will serve us well as the business continues to grow.

Costa has nearly 30 years of experience in financial services, which includes building and leading teams across all lines of business and risk management, including all major retail lending and loan activities. wholesale and investment banking. Most recently, he served as chief risk officer and chief credit officer for TCF Financial Corporation, a $ 49 billion regional banking holding company based in Minnesota. At TCF, he managed operations and all credit and risk functions. Previously, he held senior positions in the areas of corporate risk and credit at PNC Bank and Wachovia Corporation.

“Jim is well regarded in our industry with extensive expertise in risk management and leadership,” said Grescovich. “His keen sense of business risk and compliance, along with his proven ability to develop strategies that drive growth and profitability, make him a good fit for Banner.”

About the company

Banner Corporation is a $ 16.64 billion banking holding company that operates a commercial bank in four western states through a branch network providing a full range of deposit and lending services to businesses, real estate commercial, construction, housing, agriculture and consumption. Visit Banner Bank on the web at www.bannerbank.com.

Forward-looking statements

This press release contains statements that the Company considers “forward-looking statements”. These statements relate to the financial condition, results of operations, plans, objectives, performance or future activities of the Company. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may differ materially from future results or performance suggested by forward-looking statements in this press release. Factors that could cause such differences include, without limitation, those identified in our risk factors contained in Banner Corporation’s annual report on Form 10-K for the year ended December 31, 2020. These forward-looking statements do not are only valid from the date of this release. Banner Corporation expressly disclaims any obligation to update or revise any forward-looking statements contained herein to reflect any change in the Company’s earnings expectations or any change in events.

Contact:

Kelly McPhee

Vice-President, Communications

(509) 991-0575 or

[email protected]

The photos accompanying this announcement are available on
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