secwatch.observer — SEC 8-K summary
======================================

Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0000939057-21-000359
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000093905721000359/0000939057-21-000359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000093905721000359/banner8k122021.htm
  HTML page:      https://secwatch.observer/filing/0000939057-21-000359

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer