BANNER BANK
PPP Lender · 13,949 loans · $1.68B total · 26 states served
BANNER BANK was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 13,949 PPP loans totaling $1.68B, representing approximately 0.12% of all loans nationwide.
BANNER BANK served borrowers across 26 states. The largest concentration of activity was in Washington, where the lender originated 7,568 loans totaling $888.3M. Other states with significant activity included California, Oregon, Idaho.
The average loan size for this lender was $120,245. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.
Among the largest named borrowers that received loans through BANNER BANK were: PACIFIC OFFICE AUTOMATION INC. (OR) — $10,000,000; CHRISTENSON ELECTRIC, INC. (OR) — $8,379,094; PLA INTERMEDIATE HOLDCO, INC (TX) — $7,745,490; and NORTHWEST CONSTRUCTION, INC. (WA) — $5,750,000.
PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.
Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Washington | 7,568 | $888.3M | 98.0% |
| California | 2,820 | $376.8M | 97.4% |
| Oregon | 2,722 | $310.9M | 97.9% |
| Idaho | 742 | $79.3M | 99.3% |
| Arizona | 31 | $7.0M | 100.0% |
| Alaska | 20 | $3.2M | 100.0% |
| Nevada | 7 | $446,133 | 85.7% |
| Texas | 6 | $9.2M | 100.0% |
| Hawaii | 4 | $79,321 | 100.0% |
| Florida | 4 | $183,325 | 100.0% |
| Ohio | 3 | $694,540 | 100.0% |
| Louisiana | 3 | $75,038 | 100.0% |
| Colorado | 3 | $147,884 | 100.0% |
| Utah | 2 | $60,733 | 100.0% |
| New Jersey | 2 | $521,829 | 100.0% |
| Montana | 2 | $61,624 | 100.0% |
| Wyoming | 1 | $6,500 | 100.0% |
| Virginia | 1 | $59,700 | 100.0% |
| New Hampshire | 1 | $109,981 | 100.0% |
| Missouri | 1 | $20,833 | 100.0% |
| Minnesota | 1 | $114,112 | 100.0% |
| Maryland | 1 | $6,879 | 100.0% |
| Illinois | 1 | $2,624 | 100.0% |
| Georgia | 1 | $4,600 | 0.0% |
| Delaware | 1 | $2,400 | 100.0% |
| Alabama | 1 | $16,000 | 100.0% |