Banner terminates agreement to buy Idaho Banking Company

|About: Banner Corporation (BANR)|By:, SA News Editor

"While we are disappointed with the outcome of the bidding process and the termination of the transaction, we remain enthusiastic about the opportunities in the Boise market and committed to increasing our presence in Southern Idaho," says Banner Corporation (BANR) CEO Mark Grescovich.

Banner, he says, will remain disciplined, and the bidding process for Idaho Banking drove the price too high.