secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0000946673-25-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Corp to redeem all $100M of 5.00% subordinated notes due 2030 on June 30, 2025
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- Redemption of $100M aggregate principal of 5.00% Fixed-to-Floating Rate Subordinated Notes due 2030.
- Redemption date is June 30, 2025; price at 100% of principal plus accrued interest.
- Payment funded from excess cash on hand; no new debt issuance planned.
- Notes were originally issued under an indenture; redemption follows optional call provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000035/0000946673-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000035/banr-20250609.htm
  HTML page:      https://secwatch.observer/filing/0000946673-25-000035

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