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TheStreet Open House

Banner Corporation Q1 2010 Earnings Call Transcript

Banner Corporation (BANR)

Q1 2010 Earnings Call Transcript

April 22, 2010 11:00 am ET

Executives

Mike Jones – CEO

Albert Marshall – Secretary

Lloyd Baker – EVP and CFO

Rick Barton – EVP and Chief Lending Officer

Mark Grescovich – President

Analysts

Matthew Clark – KBW

Jeff Rulis – DA Davidson

Sara Hasan – McAdams Wright Ragen

Louis Feldman – Wells Capital Management

Brent Christ – Sirios Capital Management

Brian Freckmann – LS Capital

Kipling Peterson – Columbia Ventures Corporation

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Banner Corporation First Quarter 2010 Conference Call. During today's presentation, all participants will be in a listen-only mode. Following the presentation, the conference will be opened for questions. (Operator Instructions).

This conference is being recorded today, Thursday, April 22, 2010. I would now like to turn the conference over to Mike Jones. Please go ahead, sir.

Mike Jones

Thank you very much. And let me add my welcome to all of you to the first quarter results conference call for Banner Corporation. With me today is Lloyd Baker, our Chief Financial officer; Rick Barton, our Chief Lending and Credit Officer; Albert Marshall, the Secretary of the Corporation. And I'm very pleased to indicate that we also have Mark Grescovich here with us. He is the new President of Banner Bank and Banner Corporation and he will have a few comments to say after we get through reporting on the first quarter results.

So, with that, Albert, would you please read the paragraph?

Albert Marshall

Sure. Thank you. Good morning, everyone. Our presentation today discusses Banner's business outlook and will include forward-looking statements. Both statements include descriptions of management's plans, objectives, or goals for future operations, products and services, forecast of financial or other performance measures, and statements about Banner's general outlook for economic and other conditions.

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