Banner Corporation Announces Election of Directors
March 09 2016 - 7:46PM
Banner Corporation (NASDAQ GSM:BANR), the holding company for
Banner Bank and Islanders Bank, today announced that in connection
with the acquisition of Starbuck Bancshares, Inc. and its
wholly-owned subsidiary, AmericanWest Bank, of Spokane, Washington,
which was merged with and into Banner Bank on October 1, 2015, the
Banner board of directors has appointed David I. Matson, Roberto R.
Herencia and Doyle L. Arnold to the Banner board of directors.
David I. Matson is currently a director of First
BanCorp PR, where he is Chairman of the Risk and Audit
Committees. He previously served as an independent director
and Chairman of the Audit Committee of Starbuck Bancshares and
AmericanWest Bank. Mr. Matson has more than 34 years of
experience as a senior commercial banking executive, beginning his
career with UnionBanCal Corporation in 1976. From 2005 until
his retirement in 2010, he was the Vice Chairman and Chief
Financial Officer of UnionBanCal Corporation and Union Bank of
California, N.A. From 1998 to 2005, Mr. Matson was Executive
Vice President and Chief Financial Officer. In these
capacities, Mr. Matson had direct responsibility for corporate
treasury functions, strategic and financial departments, corporate
development functions including mergers and acquisitions, the
controller’s department, tax department and corporate
services. Mr. Matson received dual B.S. degrees in civil
engineering and engineering administration from Michigan
Technological University and an M.B.A. from Western Michigan
University.
Roberto R. Herencia is a financial services
industry executive, consultant and thought leader with 30 years of
broad experience in the banking industry. He has held the
positions of President and Chief Operating Officer of the community
banking subsidiary of a top 30 publicly traded bank holding
company, CEO of a publicly traded community bank, head of emerging
markets at a major domestic and international bank, and consultant
to regulators, community banks and private equity investors.
Mr. Herencia has been the President and CEO of BXM Holdings, Inc.,
an investment fund specializing in community banks, since
2010. In 2013, he was elected as Chairman of the Board of
Metropolitan Bank Group in Chicago, now Byline Bancorp, and its
subsidiary, Byline Bank. In addition, Mr. Herencia serves as
Chairman of First Bancorp (NYSE:FBP) and its subsidiary bank,
FirstBank Puerto Rico. He also served as an independent
director of SKBHC Holdings and was on the board of AmericanWest
Bank prior to its merger with Banner. Mr. Herencia was
nominated by President Obama to serve as a member of the board of
directors of the Overseas Private Investment Corporation (“OPIC”)
and was confirmed by the Senate in October 2011 and re-nominated in
2013. He is a Trustee of DePaul University and Northwestern
Memorial Foundation in Chicago and serves on the Board of Directors
of Junior Achievement of Chicago, the Navy Pier Corporation in
Chicago, and Operation Hope in Los Angeles. He is a member of
the Finance Council of the Archdiocese of Chicago. Mr.
Herencia has received numerous awards for his civic contributions
including the Distinguished Corporate Citizenship Award from The
Jewish Council on Urban Affairs, the Evy Award from A Silver Lining
Foundation and the prestigious Ellis Island Medal of Honor.
He graduated magna cum laude and received his B.S.B.A. in finance
from Georgetown University and his M.B.A. from the Kellogg School
of Management at Northwestern University.
Doyle L. Arnold is a retired executive and board
member who has played leadership roles in building several premier
financial institutions, including Zions Bancorporation, from which
he retired in 2015 as Vice Chairman and Chief Financial
Officer. In that role he led the financial and most
administrative functions including technology and operations, human
resources, and legal services. He oversaw various subsidiary
start-up financial technology companies, as well as building and
growing the finance, accounting, SEC reporting, investor relations,
tax, budgeting, management reporting and acquisitions teams.
Mr. Arnold currently serves on the Board of Group 1 Automotive and
on the Board of Trustees of Rice University. He is also a
board member of The Utah Symphony and Opera. He previously
served on and chaired the Board of Identrust, a venture-backed
online identity and authentication company. Mr. Arnold was
formerly Group Executive Vice President for Corporate Strategy and
Development at Bank of America and Director of Corporate Strategy
and Director of Internal Audit at Wells Fargo & Company.
He also served as Senior Deputy Comptroller of the Currency and
executive assistant to the Deputy Secretary of the Treasury during
the Reagan administration. Mr. Arnold holds an M.B.A. from
Stanford University and a B.A. in economics and mathematics from
Rice University.
About Banner
Corporation
On October 1, 2015, Banner Corporation completed
the acquisition of AmericanWest Bank which was merged into Banner
Bank, a transformational merger that brought together two
financially strong, well-respected institutions and created a
leading Western bank. Banner Corporation is now a $9.8
billion bank holding company operating two commercial banks in five
Western states through a network of branches offering 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.
CONTACT: MARK J. GRESCOVICH,
PRESIDENT & CEO
LLOYD W. BAKER, CFO
(509) 527-3636
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