Banner Corporation (NASDAQ GSM: BANR) has announced the addition of Mark Borrecco as the Chief Banking Officer. Borrecco is now responsible for overseeing the Bank’s production lines of business, including commercial, commercial real estate, community banking, and mortgage. With over 25 years of experience in the Western U.S., Borrecco's leadership style and extensive experience make him a great fit for Banner.
Under Borrecco's leadership, Banner is looking to accelerate its company growth strategies, including a focus on client acquisition. This follows the recent appointment of Mark Grescovich as President & Chief Executive Officer. Borrecco's appointment is strategic, aiming to enhance the client experience while ensuring continuing growth and profitability across all banking divisions.
Banner Bank, a Washington-chartered commercial bank, operates in Washington, Oregon, California, and Idaho, offering a wide variety of banking services and financial products to individuals and small and medium-sized businesses and their employees. As part of Banner Corporation, a $15.7 billion bank holding company, the addition of Borrecco to the executive leadership team signals a commitment to driving growth and delivering exceptional value to clients and stakeholders. The market has reacted to these announcements by moving the company's shares 0.0% to a price of $56.0. Check out the company's full 8-K submission here.
