Wednesday, October 11, 2006

Banner Bank Building part of expansion plan

by By Brad Carlson @ Idaho Business Review
10/09/2006

A full-service branch in a downtown Boise building that bears its name is the latest expansion for Banner Bank.
The bank, based in Walla Walla, Wash., plans more offices.

“Right now our growth is focused on the Pacific Northwest — southern Idaho, Portland and the Seattle area,” Southern Idaho Regional Retail Manager Tammy Wheeler said. “We can’t build them fast enough.”

The new branch anchors downtown Boise’s new Banner Bank Building, an 11-story, 180,000-square-foot structure at 950 W. Bannock St.

Boise-based development firm Christensen Corp. earned a Platinum certification for the building from the U.S. Green Building Council.

The bank occupies all of the first floor and part of the second floor. The new building includes drive-through banking facilities.

Five people work in the retail branch, which Rene Kidwill manages. Willis Robinette, Banner Bank’s regional commercial manager, recently moved nine employees to the new building from 1161 W. River St. The bank also employs information technology specialists and a residential real estate lending team in the new building.

Banner operates four retail branches and two commercial banking centers in southern Idaho. The bank also fields a residential construction lending office.

Wheeler said Banner aims to have a total of 10 to 15 offices open in the southern Idaho region in the next five years.

“We are continually looking for good spots in the Treasure Valley,” she said.

In the BlackEagle development at Overland and Maple Grove roads in southwest Boise, construction has started on a 3,500-square-foot retail branch. Wheeler expects it to open in December or January. Mary Frazer will manage the branch, to employ five.

Also at BlackEagle, Banner plans to move an existing residential construction lending office, employing seven, to a larger space in a new two-story building at the corner of Overland and Maple Grove, Wheeler said.

In Nampa’s new Treasure Valley Marketplace development, off the Karcher Road interchange with Interstate 84, Banner plans a two-story, 6,500-square-foot building for a retail branch and commercial banking center, Wheeler said. She expects construction to start early next year northwest of the Target store, as weather allows, and conclude in June or July.

The bank recently signed a letter of intent to buy property for branch-office construction near the southwest corner of Glenwood and State streets in Garden City in the River’s Edge development, Wheeler said. She anticipates a mid-2007 opening.

Project cost estimates weren’t released.

CSDI Construction is building the BlackEagle branch and completed tenant improvements downtown. Petra Inc. is working on tenant improvements for the larger residential lending office at BlackEagle.

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