Photo Release -- Banner Corporation Names Mark J. Grescovich President
April 06 2010 - 11:48AM
Banner Corporation (Nasdaq:BANR), the parent company of Banner Bank
and Islanders Bank, today announced that Mark J. Grescovich has
been named President of Banner Corporation and Banner Bank.
Mr. Grescovich will also join the board of directors of the Bank.
Banner Corporation president Mark J. Grescovich
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7295
Mr. Grescovich was formerly the Executive Vice President and
Chief Corporate Banking Officer for Akron, Ohio-based FirstMerit
Corporation and FirstMerit Bank N.A., a commercial bank with $11
billion in assets and 160 branch offices. He assumed the role
and responsibility for FirstMerit's commercial and regional line of
business in 2007, having served since 1994 in various commercial
and corporate banking positions, including that of Chief Credit
Officer. He provided key leadership in achieving FirstMerit's
rating as one of the top six U.S. financial institutions in 2008
and the Greenwich Excellence Award for overall customer
satisfaction in business banking. Prior to joining FirstMerit,
Mr. Grescovich was a Managing Partner in corporate finance with
Sequoia Financial Group, Inc. of Akron, Ohio and a commercial and
corporate lending officer and credit analyst with Society National
Bank of Cleveland, Ohio. He has a Bachelor of Business
Administration degree in finance from Miami University and a Master
of Business Administration degree, also in finance, from The
University of Akron.
"Mark Grescovich's success in leading a growing franchise will
most certainly be an asset to our management team as Banner
continues to expand," said D. Michael Jones, who will remain as
Chief Executive Officer of Banner Bank and Banner
Corporation. "His knowledge of banking, finance, credit
administration and risk management is exceptional. He brings
with him a record of high-performance banking culture and
results-driven profitability management. The Board and
management are excited about the expertise, energy and
professionalism that Mark brings to our organization."
"Banner is committed to providing superior banking services to
businesses and individuals in the Pacific Northwest. I am
excited to join and lead a team of professionals that delivers that
commitment," stated Mr. Grescovich.
About the Company
Banner Corporation is a $4.7 billion bank holding company
operating two commercial banks in Washington, Oregon and
Idaho. Banner serves the Pacific Northwest region with a full
range of deposit services and business, commercial real estate,
construction, residential, agricultural and consumer
loans. Visit Banner Bank on the Web at
www.bannerbank.com.
Statements concerning future performance, developments or
events, expectations for earnings, growth and market forecasts, and
any other guidance on future periods, constitute forward-looking
statements, which are subject to a number of risks and
uncertainties that are beyond the Company's control and might cause
actual results to differ materially from stated
objectives. These factors include but are not limited
to: competition in the financial services market for both
deposits and loans as well as regional and general economic
conditions, changes in interest rates and Banner's ability to
successfully attract and retain key employees, increase its
customer base, achieve cost savings and successfully generate
commercial, consumer and real estate loans. Banner undertakes
no responsibility to update or revise any forward-looking
statements.
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
CONTACT: Banner Corporation
D. Michael Jones, President and CEO
Lloyd W. Baker, CFO
(509) 527-3636
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