Banner is a bank holding company. Co. is primarily engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank (the Banks). Banner Bank provides a variety of commercial banking services and financial products to individuals, businesses and public sector entities. Islanders Bank provides similar banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks's primary business is that of banking institutions, accepting deposits and originating loans in locations surrounding its offices in portions of Washington, Oregon, California and Idaho.