Banner : ESG Report (banner bank cr report)

BANR

Published on 06/30/2025 at 14:27

Corporate Responsibility Report 2024

Table of Contents

Introduction

Social

Governance

Environment

Conclusion

Contents

Letter from our CEO 04

About BANR 05

Our Approach to

Corporate Responsibility 06

Stakeholder Priorities 07

Establishing our Climate

Risk Program 29

Measuring Our Emissions 30

Our Culture 09

Our Communities 17

Committed to Always Doing

the Right Thing 33

About This Report 34

Our Approach to Governance 24

Mingus Park, Ore.--photographed by Wendy (2024 Employee Photo Contest)

Table of Contents

Introduction

Social

Governance

Environment

Conclusion

Banner Bank 2024

Markets We Serve

Our Value Proposition

Values

Honesty and Integrity

It's not only what we do, it's how we do it-with relentless effort.

Our Vision

Accountability

Mutual Respect

We strive to be the bank of choice in the markets we serve. We are committed to being the best provider of financial services in the West.

Our Mission

Banner Bank is a dynamic, full-service financial institution operating safely and profitably within a framework of shared integrity. Working as a team, we will deliver superior products and services to our valued clients. We will emphasize strong client relationships and a high level of community involvement. We will support a culture which attracts, empowers, rewards and provides growth opportunities for our employees. Our success will build long-term shareholder value.

Teamwork

"Do the Right Thing"

Trust

Quality

Bellingham

Wenatchee

Seattle

Tacoma

Bellevue

Spokane

Yakima

Vancouver

Portland

Tri-Cities

Clarkston Lewiston Walla Walla

Pendleton

Eugene

Coos Bay

Boise

Medford

Sacramento

Los Angeles

Ontario

San Diego

Table of Contents

Introduction

Social

Governance

Environment

Conclusion

4

‌Letter From Our CEO

For 135 years, we've demonstrated Banner Bank can and does evolve to meet the changing needs of our clients and communities while staying true to our core values. Our commitment to always "Do the Right Thing" helps us navigate shifting economic and regulatory priorities with resilience and purpose, while never moving away from our core business and how we can best serve our

clients. In an era of rapid change, our focus remains on long-term value creation and driving progress while staying deeply connected to the needs of all our stakeholders.

At the heart of our strategy are strength and stability. We utilize our financial strength and extensive industry experience to assist our clients in reaching their financial goals through all economic cycles. Our commitment to maintaining a moderate risk profile and prioritizing long-term resilience creates stability and aids us in our efforts. It is this multi-faceted approach that comes together to

tell our stakeholder-centric story in this Corporate Responsibility Report.

I'm confident you will agree, we remain a reliable partner and critical source of capital and financial knowledge in the communities we serve, while conducting our business in a responsible, sustainable way. To deliver the services and

solutions for the issues our clients face, we understand we have to continually evolve and adapt, including ongoing development of our corporate responsibility strategy.

A few key highlights from last year:

We increased our focus on continuous improvement, which assisted us in identifying new opportunities that benefit our corporate responsibility strategy as well as our overall organization. As we move to the next stage of this strategy, we are building on a clearer

understanding of our climate impact, the tools at our disposal, and how we can maintain a sustainable business strategy in the years ahead.

We found new ways to engage our employees through the launch of a leadership development program and more focused support of internal mobility and career advancement. Tangible impacts on our business include a highly engaged workforce and low voluntary turnover rates.

We financed additional projects that reduce housing insecurity as well as provided vital capital to businesses in the form of loans. This helped drive the economic engine of our local and regional economies, which is especially important during periods of change and market turbulence.

We made strides integrating climate risk into our broader risk management framework. This is not just a recognition that the risk profile of our business is shifting- it's fundamental to our ability to make responsible, long-term decisions and remain a trusted part of our communities.

We continued to evolve our strong governance structure, including refining our Generative AI policy to better facilitate innovation in day-to-day work while maintaining our security and risk management standards.

We believe our achievements outlined in this report show that doing the right thing remains good business and creates long-term value for all our stakeholders. We understand we have an important role in the economic ecosystem of the communities we serve, and how we conduct

our business matters. I'm proud of both, and I am pleased we have this opportunity to share specifics with you.

Going forward, we will continue to invest in initiatives that best help our clients and

communities, including offering free financial literacy education, providing innovative financial products and fostering an inclusive workplace. It is our dedicated and passionate employees who continue to lead the way by regularly delivering

beyond expectations. Our commitment to our employees is demonstrated through our ongoing emphasis on culture, inclusion and professional development. While operating a highly-functioning business with deep cultural roots, we are also planning for the future to provide an even higher level of service to our clients.

By staying true to our mission and values, we can provide a resilient, inclusive and prosperous future for our clients, colleagues and communities. As a good corporate citizen, we will continue to foster meaningful engagement with our stakeholders and remain committed to being a trusted and reliable partner for generations to come.

Mark J. Grescovich

President and Chief Executive Officer

Table of Contents

Introduction

Social

Governance

Environment

Conclusion

About BANR

Banner Corporation (NASD: BANR) is a dynamic banking organization with a significant regional franchise throughout the West. Formed in 1995, it is the holding company for Banner Bank, a

Washington-chartered commercial bank with roots dating back to 1890.

At Banner Bank, we deliver a high level of service with the attributes of a community bank while

offering the advantages of a larger financial institution. Trusted for over a century, today we serve a growing and prosperous footprint with a full range of deposit services as well as loans for business, commercial real estate, construction, residential, agricultural and consumer clients. With locations in Washington, Oregon, California and Idaho, we ended 2024 with $16.2 billion in assets.

Mount Adams, Wash.--photographed by Olga (2024 Employee Photo Contest)

Disclaimer

Banner Corporation published this content on June 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 30, 2025 at 18:26 UTC.