bnr8k62314.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of Earliest Event Reported):  June 23, 2014


Banner Corporation
(Exact name of registrant as specified in its charter)
 
Washington  0-26584  91-1691604
(State or other jurisdiction  (Commission File  (I.R.S. Employer 
of incorporation)  Number)  Identification No.) 
                                                                                                                                                                                                   
10 S. First Avenue
Walla Walla, Washington  99362
(Address of principal executive offices and zip code)

(509) 527-3636
(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
       240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
       240.13e-4(c))
 
 
 
 
Item 8.01 Other Events.

On June 23, 2014, Banner Bank, the wholly owned subsidiary of Banner Corporation announced that Banner Bank had completed the previously announced purchase of six branches of Umpqua Bank, an Oregon state-chartered bank, and successor to Sterling Savings Bank, a Washington state-chartered bank.  Five of the six branches are located in Coos County, Oregon and the sixth branch is located in Douglas County, Oregon.  In connection with the purchase, Banner Bank acquired approximately $211 million in deposits and $83 million in loans and related assets.
 
A copy of the press release announcing the closing of the transaction is attached to this filing as Exhibit 99.1 and incorporated herein by reference.

Item 9.01
 Financial Statements and Exhibits.
 
(d)
Exhibits
 
The following exhibit is being furnished herewith:
 
Exhibit No.
  
Description
99.1
  
Press Release dated June 23, 2014.
     

 
 

 
 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
  BANNER CORPORATION
 
 
 
 
Date:  June 23, 2014  By:  /s/ Lloyd W. Baker                               
  Lloyd W. Baker 
 
Executive Vice President and  
Chief Financial Officer