A new chief executive officer has been named to lead Walla Walla-based Banner Bank and its parent company Banner Corp.
Mark J. Grescovich, who has been serving as president of both companies since April, will succeed D. Michael Jones as CEO.
Jones, 68, is retiring but will continue his term on both companies' boards of directors, according to an announcement Wednesday from Banner.
"Mr. Grescovich's experience and success in leading a multi-state franchise has been a major asset to our company as Banner continues to expand in Washington, Oregon and Idaho," said Gary Sirmon, chairman of the board, in a prepared statement.
"Mark's knowledge of banking, finance, credit administration and risk management is exceptional. He has an established record of building a high-performance banking culture and results-driven profitability management.
The board and management are excited about the entrepreneurial spirit, expertise, energy and professionalism that Mark has brought to our organization."