Banner Corporation (Banner) is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a state-chartered commercial bank that conducts business from its main office in Walla Walla, Washington. The Company�s primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in portions of Washington, Oregon and Idaho. Islanders Bank is a community bank, which offers similar banking services to individuals, businesses and public entities located in the San Juan Islands. In June 2014, Banner Corp announced that its subsidiaries completed the purchase of of six branches of Umpqua Bank, an Oregon state-chartered bank, and successor to Sterling Savings Bank, a Washington state-chartered bank.