Banner Corp authorizes repurchase of up to 1.7M shares (~5% of outstanding)

BANNER CORP

Board authorized repurchase of up to 1.7 million shares, approximately 5% of issued and outstanding common stock.
CEO Mark Grescovich stated the stock represents an attractive value proposition and repurchases build long-term shareholder value.
Repurchases will be made in open market purchases depending on market conditions and other corporate considerations.
Banner Corporation is a $16.59 billion bank holding company operating in four Western states.

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