This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. SBA Names Banner Bank The Top Community Bank Lender To Small Businesses In Seattle/Spokane District

Stocks in this article: BANR

WALLA WALLA, Wash., May 20, 2013 (GLOBE NEWSWIRE) -- Banner Bank, a wholly owned subsidiary of Banner Corporation (Nasdaq:BANR), received top honors at the Small Business Administration's (SBA) 12 th annual SBA Small Business Awards Gala on May 9 held at the Museum of Flight in Seattle, Wash. The SBA Seattle District Office awarded Banner Bank "Community Lender of the Year" for the SBA's fiscal year ending September 30, 2012.  

Each year the leadership in the SBA Seattle District Office, which serves Washington State and Northern Idaho, evaluates bank nominees on loan data from the prior fiscal year. Based on the number of SBA 7(a) and 504 loans made and the total dollar amount of both loan types, Banner Bank and one other community bank came out on top in the Community Bank division; the only time in which there was a tie. Banner Bank made 103 SBA 7(a) and 504 loans worth over $37 million in 2012 within the Seattle District Office's region.

"The SBA Seattle District Office presents the lender awards to acknowledge the efforts and commitment of our highest volume lending partners," Mark Costello, Supervisory Lender Relations Specialist, U.S. Small Business Administration Seattle District Office said in a prepared statement. "The Gala is the perfect venue to acknowledge the hard work all of our lenders do for their communities. The district perennially has high performing community banks and "national" banks, and because the two groups have such different characteristics, we decided years ago that it's appropriate to award and acknowledge both segments separately."

Accepting the Community Lender of the Year award on behalf of Banner Bank was Walter McLaughlin, Senior Vice President, SBA Manager for Banner. "Being ranked at the top for SBA lending in the Seattle District region is a testament to the hard work and responsive, knowledgeable service our team provides to all Banner Bank clients, especially in this competitive market," McLaughlin said. "Banner understands the vital role small businesses play in the economic recovery and we strive to help entrepreneurs convert ideas into successful businesses that contribute to their communities."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs