Banner Corporation (“BANR/BANR1C”)
1-for-7 ANTICIPATED Reverse Split
Ex-Date: June 01, 2011??

Attached, for your information is a memo from the Options Clearing Corporation.

We urge you to read this (see link) and distribute to others within your organization you deem appropriate.

http://www.theocc.com/components/docs/market-data/infomemos/2011/may/28884.pdf
If clicking on the link above does not work, then copy and paste into your browser.

Key Information:
BANR1C changes to BANR2C 06/01/11??
BANR2C OCX Code BANR2
BANR2C Deliverable 1) 14 (New) Banner Corporation (BANR) Common Shares 2) .2857 cash in lieu of BANR fractional shares
BANR1C Standard (100 Shares) Reintroduced on 06/02/11
Resting orders on OneChicago (CBOEdirect)* No change to Price or Quantity
* Member firms must determine if the new GTC order terms meet their clients’ objectives and cancel or cancel/replace orders as appropriate.