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Banner Corporation Announces CFO Transition Plan
WALLA WALLA, Wash., March 31, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner” or the “Company”), the parent company of Banner Bank,
About this update from Banner Corporation
[{"type":"text","content":"WALLA WALLA, Wash., March 31, 2023 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR) (“Banner” or the “Company”), the parent company of Banner Bank, today announced that Peter J. Conner has 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. He will also be retiring from his position as Executive Vice President and Chief Financial Officer of Banner Bank, effective April 10, 2023. Effective April 11, 2023, Robert G. Butterfield, currently Senior Vice President and Chief Accounting Officer of Banner Bank, will be promoted to Executive Vice President of the Bank, will succeed Mr. Conner in the position of Chief Financial Officer of the Bank and will become a member of the Bank’s Executive Management Committee. To ensure a smooth transition, Mr. Butterfield will continue to report to Mr. Conner. When Mr. Conner retires as the Company’s CFO on October 10, Mr. Butterfield will be appointed to the expanded role of CFO of the Company and begin reporting to Mark J. Grescovich, President and CEO. At that time, Mr. Conner will transition to a reduced schedule in connection with his new role as special advisor to the CEO, until his retirement from the Company April 10, 2024. Mr. Conner joined Banner Bank as CFO in 2015 as part of the AmericanWest Bank acquisition. He began his banking career in 1989 and progressed through several leadership positions with a variety of money center and community banks prior to joining AmericanWest as CFO in 2010. “We are extremely grateful for Peter’s many substantial contributions to Banner,” said Mark J. Grescovich, President and Chief Executive Officer. “He has been integral in helping guide us through a period of significant expansion and growth and his extensive financial expertise has put Banner in a position of strength. We respect his desire to make this change so he can spend additional time with his family. The board joins me in thanking Peter, and we wish him and his family all the very best in his retirement. “It’s been a privilege to have had a key part in Banner’s growth, and in further solidifying our strong financial position,” said Mr. Conner. “I hired Rob. We’ve worked closely together and are like-minded in our approach and strategies, so I have tremendous confidence th...