Banner Corporation Announces Full Redemption of $100 Million Subordinated Notes Ahead of Schedule

Reuters

10 Jun

Banner Corporation Announces Full Redemption of $100 Million Subordinated Notes Ahead of Schedule

Banner Corporation has announced that it will redeem all of its outstanding 5.00% Fixed-to-Floating Rate Subordinated Notes due June 30, 2030. The redemption is set for June 30, 2025, involving notes with an aggregate principal amount of $100 million. The redemption price will be 100% of the principal amount, along with any accrued and unpaid interest up to, but not including, the redemption date. The company plans to fund this redemption using excess cash reserves.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banner Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000946673-25-000035), on June 09, 2025, and is solely responsible for the information contained therein.

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The redemption is set for June 30, 2025, involving notes with an aggregate principal amount of $100 million. The redemption price will be 100% of the principal amount, along with any accrued and unpaid interest up to, but not including, the redemption date. The company plans to fund this redemption using excess cash reserves.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banner Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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The redemption is set for June 30, 2025, involving notes with an aggregate principal amount of $100 million. The redemption price will be 100% of the principal amount, along with any accrued and unpaid interest up to, but not including, the redemption date. The company plans to fund this redemption using excess cash reserves.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banner Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000946673-25-000035), on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BANR","symbol_name":"邦纳","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL5vTL3k:1","article_id":"2542330303","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542330303","pubTimestamp":1749501252,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Banner Corporation has announced that it will redeem all of its outstanding 5.00% Fixed-to-Floating Rate Subordinated Notes due June 30, 2030. 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The redemption is set for June 30, 2025, involving notes with an aggregate principal amount of $100 million. The redemption price will be 100% of the principal amount, along with any accrued and unpaid interest up to, but not including, the redemption date. The company plans to fund this redemption using excess cash reserves.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banner Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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