BANR 8-K
Banner Corp (BANR)
8-K
2024-09-12
For: 2024-09-10
View Original
Added on
April 10, 2026
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SECURITIES AND EXCHANGE COMMISSION
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WASHINGTON, D.C. 20549
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FORM
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CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15 (d) OF THE
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SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number (including area code) (
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Not Applicable
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(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions.
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 8.01. Other Events.
On September 12, 2024, Banner Bank
(the “Bank”), a wholly-owned subsidiary of Banner Corporation, announced that effective September 10, 2024, Mark C. Borrecco, age 52, has been hired as the Bank’s Executive Vice President and Chief Banking Officer. Mr. Borrecco will be a
member of the Bank’s Executive Management Committee and will report to Mark J. Grescovich, President and Chief Executive Officer. Mr. Borrecco is based in Sacramento, California.
Prior to joining the Bank, Mr. Borrecco was Regional President for California at Washington Federal, Inc. from
March 2023 through August 2024, where he was based in Sacramento, California. Previously, he was President and Chief Executive Officer at Great Western Bancorp in Sioux Falls, South Dakota, from March 2020 to January 2022. Mr. Borrecco served as
President and Chief Executive Officer for Rabobank, NA in Roseville, California, from December 2015 through November 2019, where he had served as Executive Vice President and Chief Banking Officer from August 2011 to November 2015. Mr. Borrecco has
more than 25 years of experience in the financial services industry. He earned a B.A. in Economics from California State University, Fresno.
A copy of the press release announcing the hiring of Mr. Borrecco as Executive Vice President and Chief Banking
Officer of the Bank is attached hereto as Exhibit 99.1.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, hereunto duly authorized.
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BANNER CORPORATION
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Date: September 12, 2024
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By: /s/ Mark J.
Grescovich
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Mark J. Grescovich
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President and Chief Executive Officer
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3
Exhibit 99.1
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MEDIA RELEASE
FOR IMMEDIATE RELEASE
September 12, 2024
Contact: Kelly McPhee, Senior Vice President, Communications, (509)
991-0575 or [email protected]
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Banner Adds Chief Banking Officer to Leadership Team; Hires Borrecco to Fill Role
(Walla Walla, Wash.) The Banner Bank executive leadership team is expanding to include a Chief Banking Officer and Mark Borrecco has been
hired to fill the role. Borrecco is overseeing the Bank’s production lines of business, including commercial, commercial real estate, community banking and mortgage. He is responsible for executing on the Bank’s initiatives to enhance the client
experience while ensuring continuing growth and profitability across all banking divisions.
“This addition to our executive leadership team will help us accelerate our company growth strategies, including our focus
on client acquisition,” said Mark Grescovich, President & Chief Executive Officer. “Mark Borrecco’s extensive experience and leadership style make him a great fit for Banner. He respects our strong culture and approach to doing business, and
has a deep understanding of our markets.”
Borrecco has more than 25 years of banking experience focused in the Western U.S., most recently as the California president of a large
regional bank. Prior to that, he held positions as president, CEO, chief banking officer and national sales manager with regional and community banks. Borrecco earned his bachelor’s degree in economics from California State University. He has served
on the Pacific Coast Banking School board of directors and the Greater Sacramento Economic Council, chairing the Food and Ag Innovation Committee.
“I am excited to join this talented team and to build on the Banner’s strong foundation to help drive growth and deliver exceptional
value to our clients and all stakeholders,” Borrecco said.
About Banner Bank
Banner Bank is a Washington-chartered commercial bank conducting business in Washington, Oregon, California and
Idaho. Banner offers a wide variety of banking services and financial products to individuals and small and medium-sized businesses and their employees. Banner Bank is part of Banner Corporation (NASDAQ GSM: BANR), a $15.7 billion bank holding
company headquartered in Walla Walla, Washington. Visit Banner Bank at www.bannerbank.com.