Ellen Boyer and John Pedersen Joins Banner Corporation Board of Directors
February 25, 2021 at 04:49 pm EST
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Banner Corporation announced that Ellen R.M. Boyer and John Pedersen have been appointed to the Board of Directors effective February 24, 2021. Boyer and Pedersen were also appointed to the Board of Directors of Banner Bank. Boyer serves as Chief Financial Officer of Logic20/20, a business and technology consulting firm headquartered in Seattle, Washington. Prior to joining Logic20/20 in 2014, Boyer held CFO and/or COO roles at several companies in the Seattle area. She has more than 25 years of finance and operational experience in a variety of industries, including technology, financial services and healthcare. Prior to assuming CFO/COO roles beginning in 1994, she was an Audit Senior Manager at PriceWaterhouseCoopers, where she worked for 12 years. Boyer has extensive experience in strategic planning, mergers and acquisitions, governance matters, organizational effectiveness, and audit and financial matters. Boyer maintains an active Certified Professional Accountant license and will sit on the Audit and Compensation and Human Capital Committees. Pedersen was Executive Vice President and Chief Risk Officer of City National Bank from 2006 until 2019, having been promoted from the Senior Vice President role he had held since 2004. Prior to his retirement from City National, Pedersen accrued over three decades of progressive commercial banking credit and risk management responsibilities and significant expertise in establishing and managing risk management functions within a regional bank setting. Pedersen is skilled in strategic planning including turn-around and growth strategies. He has a thorough understanding of many aspects of banking, including retail, small business, commercial real estate, dealer banking, consumer lending, mortgage banking and middle market lending.
Banner Corporation is a bank holding company for Banner Bank (the Bank). The Bank is a chartered commercial bank in the State of Washington. The Bank is a regional bank that offers a variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. The Banks primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. The Bank is also a participant in secondary loan markets, engaging in mortgage banking operations, through the origination and sale of one- to four-family and multifamily residential loans. Its lending activities include commercial business and commercial real estate loans, agriculture business loans, construction and land development loans, one- to four-family and multifamily residential loans, United States small business administration (SBA) loans and consumer loans.