secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000946673-25-000049
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner board authorizes repurchase of up to 5% of common stock (1.73M shares)
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- Repurchase of up to 1,729,199 shares, ~5% of issued and outstanding common stock.
- CEO cites 'compelling investment opportunity' and long-term shareholder value creation.
- Shares may be bought in open market; timing depends on market conditions and corporate considerations.
- Banner Corporation is a $16.44 billion bank holding company operating Banner Bank in four Western states.
- Program effective July 24, 2025; no expiration date stated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000049/0000946673-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667325000049/banr-20250724.htm
  HTML page:      https://secwatch.observer/filing/0000946673-25-000049

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