---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000093"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:47:54.825390+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Banner Corp CFO Peter Conner to retire; Robert Butterfield named successor

## Summary
- Conner retiring as Banner Corp CFO effective Oct 10, 2023; as bank CFO effective April 10, 2023.
- Butterfield promoted to EVP and CFO of Banner Bank effective April 11, 2023; becomes company CFO Oct 11, 2023.
- Conner to serve as special advisor to CEO until April 10, 2024; receives $500K separation pay.
- Butterfield previously SVP and Chief Accounting Officer; 26 years financial services experience.
- Transition is part of succession planning; no disagreement over financial statements or disclosures.

## SEC filing metadata
- accession: 0000939057-23-000093
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/0000939057-23-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/banr33123v2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000093
- JSON: https://secwatch.observer/filing/0000939057-23-000093.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000093.txt

## Key facts
- Executive change
  Peter J. Conner retired as Executive Vice President and Chief Financial Officer of the Bank at BANNER CORP.
  - Action: retired
  - Role: Executive Vice President and Chief Financial Officer of the Bank
  source text: Mr. Conner will also be retiring from his position as Executive Vice President and Chief Financial Officer of the Bank, effective April 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/0000939057-23-000093-index.htm
- Executive change
  Peter J. Conner was appointed as Special Advisor to the Chief Executive Officer at BANNER CORP.
  - Action: appointed
  - Role: Special Advisor to the Chief Executive Officer
  source text: During the Transition Period, Mr. Conner will continue to work for the Company on a reduced schedule in a new role as special advisor to the Chief Executive Officer until April 10, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/0000939057-23-000093-index.htm
- Executive change
  Peter J. Conner retired as Executive Vice President and Chief Financial Officer of the Company at BANNER CORP.
  - Action: retired
  - Role: Executive Vice President and Chief Financial Officer of the Company
  source text: Peter J. Conner had informed the Company of his intention to retire from his position as Executive Vice President and Chief Financial Officer of the Company, effective October 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/946673/000093905723000093/0000939057-23-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.