{"id":867722,"date":"2025-07-08T20:04:06","date_gmt":"2025-07-09T00:04:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kbra-affirms-ratings-for-banner-corporation-2\/"},"modified":"2025-07-08T20:04:06","modified_gmt":"2025-07-09T00:04:06","slug":"kbra-affirms-ratings-for-banner-corporation-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kbra-affirms-ratings-for-banner-corporation-2\/","title":{"rendered":"KBRA Affirms Ratings for Banner Corporation"},"content":{"rendered":"

<\/p>\n

KBRA Affirms Ratings for Banner Corporation<\/span><\/b><\/p>\n

WALLA WALLA, Wash.–(BUSINESS WIRE<\/a>)–
\nBanner Corporation (NASDAQ GSM: BANR) (\u201cBanner\u201d), the parent company of Banner Bank, today announced that Kroll Bond Rating Agency, LLC (\u201cKBRA\u201d) affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Banner Corporation. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the company\u2019s principal subsidiary, Banner Bank. The agency also noted they again determined the outlook for all of Banner\u2019s long-term ratings is Stable.<\/p>\n

\n\u201cWe are pleased to receive KBRA\u2019s affirmation of our investment grade rating,\u201d said Mark Grescovich, President and CEO. \u201cThis rating reinforces our position as a reliable source of capital for our clients across all economic cycles and change events. It also reflects our financial strength and stability, validating our consistent performance and sound credit practices.\u201d<\/p>\n

\nAccording to KBRA, the ratings are supported by Banner\u2019s highly experienced management team executing a \u201chigher touch\u201d commercially oriented banking model over a reasonably broad geographic footprint. The agency also noted that our solid track record of earnings is enhanced by low cost, peer-leading funding profile, which includes a core deposit base that reflects favorable characteristics in terms of cost, geographic diversification, and composition.<\/p>\n

About Banner Corporation<\/b><\/p>\n

\nBanner Corporation is a $16.2 billion bank holding company operating a 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 online at www.bannerbank.com<\/a>.<\/p>\n

About KBRA<\/b><\/p>\n

\nKroll Bond Rating Agency, LLC is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

This press release contains statements that the Company believes are \u201cforward-looking statements.\u201d These statements relate to the Company\u2019s 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\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. 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\u2019s expectations of results or any change in events.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250708023187\/en\/<\/a><\/span><\/p>\n

\nMARK J. GRESCOVICH,
\n
PRESIDENT & CEO
\n
ROBERT G. BUTTERFIELD,
\n
EXECUTIVE VP & CFO
\n
(509) 527-3636<\/p>\n

KEYWORDS:<\/b> United States North America Washington Idaho California Oregon<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

KBRA Affirms Ratings for Banner Corporation WALLA WALLA, Wash.–(BUSINESS WIRE)– Banner Corporation (NASDAQ GSM: BANR) (\u201cBanner\u201d), the parent company of Banner Bank, today announced that Kroll Bond Rating Agency, LLC (\u201cKBRA\u201d) affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Banner Corporation. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the company\u2019s principal subsidiary, Banner Bank. The agency also noted they again determined the outlook for all of Banner\u2019s long-term ratings is Stable. \u201cWe are pleased to receive KBRA\u2019s affirmation of our investment grade rating,\u201d said … <\/p>\n

Continue reading “KBRA Affirms Ratings for Banner Corporation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-867722","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKBRA Affirms Ratings for Banner Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kbra-affirms-ratings-for-banner-corporation-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBRA Affirms Ratings for Banner Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KBRA Affirms Ratings for Banner Corporation WALLA WALLA, Wash.–(BUSINESS WIRE)– Banner Corporation (NASDAQ GSM: BANR) (\u201cBanner\u201d), the parent company of Banner Bank, today announced that Kroll Bond Rating Agency, LLC (\u201cKBRA\u201d) affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Banner Corporation. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the company\u2019s principal subsidiary, Banner Bank. The agency also noted they again determined the outlook for all of Banner\u2019s long-term ratings is Stable. \u201cWe are pleased to receive KBRA\u2019s affirmation of our investment grade rating,\u201d said … Continue reading "KBRA Affirms Ratings for Banner Corporation"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kbra-affirms-ratings-for-banner-corporation-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-09T00:04:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250708023187r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbra-affirms-ratings-for-banner-corporation-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbra-affirms-ratings-for-banner-corporation-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"KBRA Affirms Ratings for Banner Corporation\",\"datePublished\":\"2025-07-09T00:04:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbra-affirms-ratings-for-banner-corporation-2\\\/\"},\"wordCount\":590,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbra-affirms-ratings-for-banner-corporation-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250708023187r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbra-affirms-ratings-for-banner-corporation-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kbra-affirms-ratings-for-banner-corporation-2\\\/\",\"name\":\"KBRA Affirms Ratings for Banner Corporation - 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