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BANNER CORP Director's Dealing 2010

May 13, 2010

31582_dirs_2010-05-13_4ccb92e6-8a1f-42e5-81e7-8ff8a19a7b61.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BANNER CORP (BANR)
CIK: 0000946673
Period of Report: 2010-05-12

Reporting Person: Layman John R (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-12 Common Stock, $.01 par value per share A 86.7 $5.8789 Acquired 139126 Direct

Footnotes

F1: Acquired pursuant to deferred compensation agreement; settled in stock at termination of service.

F2: Includes direct ownership of 19,595 shares through Deferred Compensation Plan and 4,978 shares through an IRA.