The boardof Banner Corp.renewed authorization to repurchase up to 5% of its common stock, or 1,711,540shares, according to an April 4 news release.

The companymay repurchase the shares in open-market purchases under the program. Theextent to which the Walla Walla, Wash.-based company may buy back its sharesand the timing of such repurchases will depend on market conditions and othercorporate considerations.