Banner Corp authorizes share buyback of up to 1.71M shares (~5% of outstanding)

BANNER CORP

Board authorized repurchase of up to 1,712,510 shares, equivalent to ~5% of common stock.
Repurchases will occur in open market subject to market conditions and corporate considerations.
CEO Grescovich says program aligns with capital management strategy and long-term shareholder value.
Company is a $16.64B bank holding company operating Banner Bank in four western states.

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