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Posts tagged: Banner Bank

Banner Bank completes purchase of Liberty Lake AmericanWest Bank branch

Spokane-based Banner Bank today has completed the purchase of an AmericanWest Bank branch in Liberty Lake.

The branch is at 1221 N. Liberty Lake Road and its current staff of four will join the Banner group, a press release noted.

As part of the transition, Banner is closing a current branch housed in a nearby grocery store and relocating that branch staff into the former AmericanWest building.

Banner Bank’s Jones retires

Long-time Spokane banker D. Michael Jones has stepped down as chairman and chief executive officer of Banner Bank and Banner Corp.

He will be succeeded at the Walla Walla bank and holding company by Mark Grescovich, who has been president of both entities since July.

Jones, 68, will remain a corporate and bank director.

Jones was president of Old National Bank before it was purchased by U.S. Bank in 1987, and Source Capital before it was acquired by Sterling Financial Corp. in 2001. ONB and Source were based in Spokane. 

Banner purchased F&M Bank of Rockford in 2006, four years after Jones joined the Walla Walla institution, which in June completed a $162 million stock offering. 

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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