Monica O'Reilly and Judith Steiner Join Banner Corporation Board of Directors
MWN-AI** Summary
Banner Corporation (NASDAQ: BANR) has appointed Monica O'Reilly and Judith Steiner to its Board of Directors, along with the Board of Directors of Banner Bank, effective March 1, 2026. This decision enhances the board's strategic capabilities, particularly in risk management and corporate governance.
Monica O'Reilly boasts over 30 years of experience in financial services, specializing in regulatory compliance, enterprise risk management, cybersecurity, and artificial intelligence. Previously serving as Vice Chairman and US Financial Services Leader at Deloitte from 2020 to 2025, she has played a critical role in overseeing various acquisitions and investments within the firm. O'Reilly’s appointment is expected to provide invaluable insight into corporate governance and risk oversight. She was recognized by the San Francisco Business Journal as one of the "Most Influential Women in Business" in 2021 and holds a B.A. in English and Education from Queen's University Belfast, complemented by an Executive Leadership Program from Wharton Business School.
Judith Steiner also brings over three decades of extensive experience in the financial sector, with a strong focus on legal, risk, and compliance issues. She served as Executive Vice President and Chief Risk Officer at Banner Bank from 2016 to 2021 and has held significant roles at FirstMerit Bank, N.A. Her background encompasses enterprise risk management, compliance, and anti-money laundering practices, among others. Steiner earned her Juris Doctor from Case Western Reserve University and a Bachelor of Arts from the University of Akron.
Mark Grescovich, President and CEO of Banner Corporation, expressed confidence that the addition of O'Reilly and Steiner will significantly bolster the board's effectiveness in guiding the company’s long-term growth strategies.
MWN-AI** Analysis
The recent appointments of Monica O'Reilly and Judith Steiner to the Board of Directors of Banner Corporation mark a significant development in the company’s governance and strategic outlook. Given their extensive backgrounds in risk management, compliance, and corporate governance, their addition is poised to strengthen the company’s positioning within the financial services landscape.
Monica O'Reilly, with her expertise in regulatory compliance and risk management gleaned from her tenure at Deloitte, adds a crucial dimension of strategic insight to the Board. Her proven track record in advising Fortune 500 companies on issues like cybersecurity and artificial intelligence aligns with the increasing importance of digital security and innovation in banking. This is especially relevant as Banner seeks to enhance its competitive edge amidst evolving industry challenges.
Judith Steiner brings in a wealth of experience in legal affairs and compliance, having served as Chief Risk Officer at Banner Bank. Her familiarity with the company’s operational framework and regulatory environment will ensure a seamless integration of risk oversight at the board level. This is particularly vital given the increased scrutiny financial institutions face regarding compliance and risk exposure.
The combined expertise of O'Reilly and Steiner in notorious areas such as Enterprise Risk Management (ERM) and corporate governance will equip Banner Corporation to better navigate potential market volatilities and regulatory requirements. Investors might view these appointments as a signal of the company’s commitment to robust governance practices, which could lead to increased investor confidence.
Given these developments, it's advisable for potential investors to monitor Banner Corporation closely. Positive changes in board dynamics often precede improved company performance. Furthermore, as the financial sector continues to adapt to digital transformation, companies that prioritize advanced risk management and governance are well-positioned for sustained growth. Therefore, holding or acquiring shares in Banner could prove beneficial in the long term.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Banner Corporation (NASDAQ: BANR) (“Banner”), the parent company of Banner Bank, today announced that Monica O’Reilly and Judith Steiner have been appointed to the Board of Directors effective March 1, 2026. Ms. O’Reilly and Ms. Steiner were also appointed to the Board of Directors of Banner Bank. Ms. O’Reilly will initially serve on the Corporate Governance/Nominating and Risk Committees of the Board. Ms. Steiner will initially serve on the Credit Risk and Risk Committees of the Board.
Ms. O’Reilly is a strategic leader who leverages over 30 years of experience helping global financial services companies achieve business results. She is an advisor to Fortune 500 C-suite executives, corporate boards and audit committees on regulatory compliance, enterprise and operational risk management, artificial intelligence and cybersecurity. Ms. O’Reilly was the Vice Chairman and US Financial Services Leader at Deloitte from 2020 to 2025, and served on Deloitte’s Board Council and Strategic Investment Committee in which she oversaw various acquisitions and investments. Under her leadership as Co-Chair for Deloitte’s Nominating Committee, she oversaw CEO and board director selection. Recognized as an industry expert, Ms. O’Reilly has co-authored reports on board governance, the financial marketplace, and risk management. She was named as one of the “Most Influential Women in Business” by the San Francisco Business Journal in 2021. Ms. O’Reilly holds a B.A. in English and Education from Queen’s University Belfast and completed Wharton Business School’s Executive Leadership Program.
Ms. Steiner has more than 30 years of experience in the financial services industry, with significant expertise in the areas of legal, risk and compliance. She served as Executive Vice President and Chief Risk Officer of Banner Bank from 2016 to 2021. Prior to Banner, Ms. Steiner worked at FirstMerit Bank, N.A. from 1990 to 2015, including serving as Executive Vice President, Chief Risk Officer, General Counsel and Secretary from 2008 to 2015. In these roles, her areas of responsibility included enterprise risk management (ERM), compliance, anti-money laundering (AML), Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), fraud, Community Reinvestment Act, insurance, and credit review. Ms. Steiner earned a Juris Doctor from Case Western Reserve University and a Bachelor of Arts from the University of Akron.
“The addition of Monica and Judy to our Board of Directors is a tremendous asset for Banner,” said Mark Grescovich, President and CEO. “Monica’s distinguished background advising Fortune 500 boards on regulatory compliance, cybersecurity and artificial intelligence, alongside Judy’s significant expertise in legal, risk and compliance, collectively strengthens our Board in meaningful ways. We are confident their insight and leadership will be invaluable as we continue to position Banner for long-term growth and success.”
About Banner Corporation
Banner Corporation is a $16.35 billion bank holding company operating a commercial bank in four Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. Visit Banner Bank online at www.bannerbank.com .
Forward-Looking Statements
This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in Banner Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Such forward-looking statements speak only as of the date of this release. Banner Corporation expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company’s expectations of results or any change in events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260302420822/en/
MARK J. GRESCOVICH, PRESIDENT & CEO
ROBERT G. BUTTERFIELD, EXECUTIVE VP & CFO
(509) 527-3636
FAQ**
How do Monica O’Reilly's and Judith Steiner's extensive backgrounds in risk management and compliance enhance the strategic direction of Banner Corporation (NASDAQ: BANR) in addressing current industry challenges?
In what ways might the appointments of O’Reilly and Steiner to the Board of Directors impact the governance and operational strategies of Banner Corporation BANR moving forward?
What specific initiatives or changes can we expect from Banner Corporation BANR as a result of the new perspectives brought by Ms. O’Reilly and Ms. Steiner to the Board?
Given the focus on cybersecurity and artificial intelligence expertise, how will Banner Corporation BANR leverage these strengths to bolster its competitive advantage in the banking sector?
**MWN-AI FAQ is based on asking OpenAI questions about Banner Corporation (NASDAQ: BANR).
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