Banner promotes two execs

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Banner Bank has announced the promotion of two of its real estate loan servicing department employees.

The Walla Walla bank has promoted Penne Locati to senior vice president, loan administration manager, and Rhonda King to vice president, loan administration operations manager. Both women work at the company’s downtown corporate headquarters.

Locati began her Banner tenure 11 years ago as an assistant vice president, real estate loan administrator after a career with Sherwood and Roberts that started in 1980. In her new role, she will continue to act as manager of the Real Estate Loan Administration, which includes loan servicing, quality assurance, custom construction draws and loan production support.

King has been with Banner for 18 years. She started as an investor reporting specialist. With her promotion to vice president she will continue as loan administration operations manager and assistant manager of Real Estate Loan Administration under Locati.

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