Daily News: June 19, 2013

New ABL Manager Joins Banner Bank Commercial Banking Division

Banner Bank, a wholly owned subsidiary of Banner Corporation, hired Gregg Marsicano as senior vice president, asset-based lending manager to lead Banner’s commercial asset-based lending (ABL) services throughout its footprint the Pacific Northwest.

Marsicano brings nearly 30 years of ABL experience to develop creative financing solutions tailored to the specific needs of Banner Bank’s clients and prospects.

Prior to Banner, Marsicano worked at Wells Fargo for 15 years as SVP, business development officer where he established a satellite office in Seattle to serve the states of Washington, Oregon, Idaho and Alaska. Committed to serving the ABL industry and its clients, Marsicano has served on the boards and is a current member of the Turnaround Management Association – Northwest Chapter and the Association for Corporate Growth.

“Gregg brings extensive experience and knowledge to this leadership position within Banner’s commercial team,” said Jim Reed, senior vice president, commercial executive. “Asset-based lending is an important component of Banner’s commercial credit offering to our business clients. The credit solutions we offer provide our clients with the capital to continue expand or diversify operation of their business. ABL is a great line of business for Banner and requires particular experience and skills to do right and do well; Gregg brings these skills, experience and more to service Banner Bank’s clients.”