Banner Corporation Announces Retirement of Banner Bank Chief Risk Officer; Hiring of Replacement
October 28 2021 - 4:05PM
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 the
Bank’s chief 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
Bank’s asset size. Prior to that, Steiner spent 25 years with
FirstMerit Corporation in executive leadership positions including
Executive Vice President & Chief Risk Officer, Secretary, and
General Counsel.
“We are grateful for the important contributions Judy made while
at Banner,” said Mark J. Grescovich, President and Chief Executive
Officer. “She has been pivotal in right-sizing our enterprise risk
and compliance functions during a time of rapid growth for the
company. Of equal importance is the structure and roadmap she put
in place that will serve us well as the company continues to
grow.”
Costa has nearly 30 years of financial services experience,
which includes building and leading teams across lines of business
and risk management including all primary retail and wholesale
lending businesses and investment banking. Most recently, he
served as Chief Risk and Chief Credit Officer for Minnesota-based
TCF Financial Corporation, a $49 billion regional bank holding
company. At TCF, he managed operations and all credit and risk
functions. Prior to that, he held executive leadership positions in
enterprise risk and credit at PNC Bank and Wachovia
Corporation.
“Jim is well-regarded in our industry with extensive risk
management and leadership expertise,” said Grescovich. “His
enterprise risk and compliance acumen, as well as his demonstrated
ability to craft strategies that drive growth and profitability,
make him a good fit for Banner.”
About the Company
Banner Corporation is a $16.64 billion bank
holding company operating one commercial bank in four 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.
Forward-Looking Statements
This press release contains statements that the
Company believes are “forward-looking statements.” These statements
relate to the Company’s financial condition, results of operations,
plans, objectives, future performance or business. 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 be materially different from any future results
or performance suggested by the forward-looking statements in this
release. Factors that might cause such differences include, but are
not limited to, those identified in our risk factors contained in
Banner Corporation’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2020. Such forward-looking statements speak only
as of the date of this release. Banner Corporation expressly
disclaims any obligation to update or revise any forward-looking
statements found herein to reflect any changes in the Company’s
expectations of results or any change in events.
Contact: |
Kelly
McPhee |
|
Vice President, Communications |
|
(509) 991-0575 or |
|
kelly.mcphee@bannerbank.com |
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/568ede6c-3b52-424f-9e9f-a847be47d445https://www.globenewswire.com/NewsRoom/AttachmentNg/dd614d6b-c537-4cc0-a026-ac582a4cdcf0
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