Banner Corporation, the parent company of Banner Bank and Islanders Bank, intends to merge Islanders Bank with and into Banner Bank, subject to regulatory approval. The integration is expected to be complete in Q1/21.
Banner Bank completed the sale of its Utah branches and related assets and liabilities to People’s Intermountain Bank, a banking subsidiary of People’s Utah Bancorp.
Banner Bank hired Gregg Marsicano as senior vice president, ABL manager. Previously, Marsicano served as SVP, BDO for Wells Fargo in the northwestern region of the U.S.