0000939057-16-000605.txt : 20160115 0000939057-16-000605.hdr.sgml : 20160115 20160115162359 ACCESSION NUMBER: 0000939057-16-000605 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20151001 FILED AS OF DATE: 20160115 DATE AS OF CHANGE: 20160115 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BANNER CORP CENTRAL INDEX KEY: 0000946673 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 911691604 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 10 S FIRST AVENUE CITY: WALLA WALLA STATE: WA ZIP: 99362 BUSINESS PHONE: 5095273636 MAIL ADDRESS: STREET 1: 10 S FIRST AVENUE CITY: WALLA WALLA STATE: WA ZIP: 99362 FORMER COMPANY: FORMER CONFORMED NAME: FIRST WASHINGTON BANCORP INC /WA/ DATE OF NAME CHANGE: 19980727 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SAVINGS BANK OF WASHINGTON BANCORP INC DATE OF NAME CHANGE: 19950614 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Friedman Fleischer & Lowe GP III, LLC CENTRAL INDEX KEY: 0001615971 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345721 BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415 402 2100 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Friedman Fleischer & Lowe GP III, L.P. CENTRAL INDEX KEY: 0001616050 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345722 BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415 402 2100 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FFL Individual Partners III, L.P. CENTRAL INDEX KEY: 0001616049 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345724 BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415 402 2100 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: 22ND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FRIEDMAN FLEISCHER & LOWE PARALLEL FUND III LP CENTRAL INDEX KEY: 0001412164 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345725 BUSINESS ADDRESS: STREET 1: One Maritime Plaza CITY: San Francisco STATE: CA ZIP: 94111 BUSINESS PHONE: 415-402-2105 MAIL ADDRESS: STREET 1: One Maritime Plaza CITY: San Francisco STATE: CA ZIP: 94111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FRIEDMAN FLEISCHER & LOWE CAPITAL PARTNERS III LP CENTRAL INDEX KEY: 0001412166 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345726 BUSINESS ADDRESS: STREET 1: One Maritime Plaza CITY: San Francisco STATE: CA ZIP: 94111 BUSINESS PHONE: 415-402-2105 MAIL ADDRESS: STREET 1: One Maritime Plaza CITY: San Francisco STATE: CA ZIP: 94111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FFL EXECUTIVE PARTNERS III LP CENTRAL INDEX KEY: 0001447193 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345723 BUSINESS ADDRESS: STREET 1: C/O FRIEDMAN FLEISCHER & LOVE LLC STREET 2: ONE MARITIME PLAZA, SUITE 2200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415-402-2105 MAIL ADDRESS: STREET 1: C/O FRIEDMAN FLEISCHER & LOVE LLC STREET 2: ONE MARITIME PLAZA, SUITE 2200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Fleischer Spencer C CENTRAL INDEX KEY: 0001235824 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26584 FILM NUMBER: 161345727 MAIL ADDRESS: STREET 1: C/O FREIDMAN FLEISCHER & LOWE LLC STREET 2: 1 MARITIME PLAZA, SUITE 2200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER NAME: FORMER CONFORMED NAME: FLEISCHER SPENCER C DATE OF NAME CHANGE: 20030523 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2015-10-01 0 0000946673 BANNER CORP BANR 0001235824 Fleischer Spencer C C/O FREIDMAN FLEISCHER & LOWE GP III LLC ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 1 0 0 0 0001412166 FRIEDMAN FLEISCHER & LOWE CAPITAL PARTNERS III LP ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 0 0 0 1 Joint Filer 0001412164 FRIEDMAN FLEISCHER & LOWE PARALLEL FUND III LP ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 0 0 0 1 Joint Filer 0001616049 FFL Individual Partners III, L.P. ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 0 0 0 1 Joint Filer 0001447193 FFL EXECUTIVE PARTNERS III LP ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 0 0 0 1 Joint Filer 0001616050 Friedman Fleischer & Lowe GP III, L.P. ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 0 0 0 1 Joint Filer 0001615971 Friedman Fleischer & Lowe GP III, LLC ONE MARITIME PLAZA, SUITE 2200 SAN FRANCISCO CA 94111 0 0 0 1 Joint Filer Common Stock, par value $0.01 per share 2015-10-01 4 J 0 1525794 A 1525794 I See Footnote Common Stock, par value $0.01 per share 2015-10-01 4 J 0 1011119 A 1011119 I See Footnote Common Stock, par value $0.01 per share 2015-10-01 4 J 0 32322 A 32322 I See Footnote Common Stock, par value $0.01 per share 2015-10-01 4 J 0 29753 A 29753 I See Footnote The securities reported herein were issued as merger consideration pursuant to that certain Agreement and Plan of Merger, dated November 5, 2014 (the "Merger Agreement"), by and among the Issuer, SKBHC Holdings LLC ("Holdings") and Starbuck Bancshares, Inc. ("Starbuck"). Pursuant to the terms of the Merger Agreement, on October 1, 2015 (the "Closing Date"), Starbuck merged with a subsidiary of the Issuer (the "Merger"). Immediately following the Merger, Starbuck's wholly owned subsidiary bank, AmericanWest Bank, a Washington state-chartered commercial bank, merged with and into the Issuer's wholly owned subsidiary bank, Banner Bank, a Washington state-chartered commercial bank. Pursuant to the Merger Agreement, Holdings received, in exchange for all of the outstanding shares of Starbuck common stock, $130,000,000 in cash and 13,230,000 shares of common stock of the Issuer. The FFL Reporting Persons (as defined in footnote 8) were collectively a member of Holdings and as consideration for the Merger received an aggregate of 2,598,988 shares of common stock (the "Shares") from the Issuer on the Closing Date. On the effective date of the Merger, the closing price of the Issuer's common stock was $47.67 per share. Held directly by Friedman Fleischer & Lowe Capital Partners III, L.P. Held directly by Friedman Fleischer & Lowe Parallel Fund III, L.P. Held directly by FFL Individual Partners III, L.P. Held directly by FFL Executive Partners III, L.P. Spencer C. Fleischer's beneficial ownership is based on the direct beneficial ownership of the shares by the FFL Funds (as defined in Exhibit 99.1). Spencer C. Fleischer's expressly disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. See Exhibit 99.1. Solely for purposes of Section 16 of the Securities Exchange Act of 1934, each of Friedman Fleischer & Lowe Capital Partners III, L.P., Friedman Fleischer & Lowe Parallel Fund III, L.P., FFL Individual Partners III, L.P., FFL Executive Partners III, L.P., Friedman Fleischer & Lowe GP III, L.P. and Friedman Fleischer & Lowe GP III, LLC (the "FFL Reporting Persons"), may be deemed to be directors-by-deputization by virtue of their right to designate a member of the board of directors of the Issuer effective as of October 1, 2015, the closing date of the Merger. The FFL Reporting Persons have designated Spencer C. Fleischer as a member of the board of directors of the Issuer, effective October 1, 2015, pursuant to that certain Investment Letter Agreement, dated as of November 5, 2014, by and between the FFL Funds (as defined in Exhibit 99.1) and the Issuer. /s/Spencer C. Fleischer 2016-01-15 EX-99.1 2 exhibit991form4.htm EXHIBIT 99.1 FOR THE FORM 4 Unassociated Document

 
Exhibit 99.1
 

 

Friedman Fleischer & Lowe Capital Partners III, L.P., Friedman Fleischer & Lowe Parallel Fund III, L.P., FFL Individual Partners III, L.P., and FFL Executive Partners III, L.P. (collectively, the “FFL Funds”), are controlled by Friedman Fleischer & Lowe GP III, L.P., its general partner, which is controlled by Friedman Fleischer & Lowe GP III, LLC, its general partner.  Friedman Fleischer & Lowe GP III, LLC is controlled by Tully M. Friedman, Spencer C. Fleischer and Christopher A. Masto, its three managing members. Accordingly, Friedman Fleischer & Lowe GP III, L.P., Friedman Fleischer & Lowe GP III, LLC and Messrs. Friedman, Fleischer and Masto (the "FFL Related Parties") may be deemed to beneficially own the shares owned by the FFL Funds. Each FFL Related Party expressly disclaims beneficial ownership of  the shares shown as beneficially owned by the FFL Funds in which such FFL Related Party does not have a pecuniary interest. Investment, disposition and voting decisions with respect to shares held by the FFL Funds are made by an investment committee of certain limited partners of Friedman Fleischer & Lowe GP III, L.P., currently consisting of eleven individuals (the "Investment Committee").  All members of the Investment Committee expressly disclaim beneficial ownership of the shares shown as beneficially owned by the FFL Funds in which such members do not have a pecuniary interest. The address of each of the entities and persons identified in this Exhibit 99.1 is c/o Friedman Fleischer & Lowe, LLC, One Maritime Plaza, Ste. 2200, San Francisco, CA 94111.
 
 
 
EX-99.2 3 exhibit992form4.htm EXHIBIT 99.2 FOR THE FORM 4 Unassociated Document
Exhibit 99.2
 
JOINT FILERS’ NAMES AND ADDRESSES
 
1.  
Spencer C. Fleischer
 
2.  
Friedman Fleischer & Lowe Capital Partners III, L.P.
 
3.  
Friedman Fleischer & Lowe Parallel Fund III, L.P.
 
4.  
FFL Individual Partners III, L.P.
 
5.  
FFL Executive Partners III, L.P.
 
6.  
Friedman Fleischer & Lowe GP III, L.P.
 
7.  
Friedman Fleischer & Lowe GP III, LLC
 

 
The business address for the above reporting persons is:


One Maritime Plaza, Suite 2200
San Francisco, CA 94111
 
 
EX-99.3 4 exhibit993form4.htm EXHIBIT 99.3 FOR THE FORM 4 Unassociated Document

 
Exhibit 99.3
 
JOINT FILERS’ SIGNATURES
 
Dated:  January 15, 2016

 

 
Friedman Fleischer & Lowe Capital Partners III, L.P.
 
By: Friedman Fleischer & Lowe GP III, L.P., its general partner
 
By: Friedman Fleischer & Lowe GP III, LLC, its general partner
 
 
By:
/s/Rajat Duggal
 
Name:
Rajat Duggal
 
Title:
Managing Director/Officer

 
Friedman Fleischer & Lowe Parallel Fund III, L.P.
 
By: Friedman Fleischer & Lowe GP III, L.P., its general partner
 
By: Friedman Fleischer & Lowe GP III, LLC, its general partner
 
 
By:
/s/Rajat Duggal
 
Name:
Rajat Duggal
 
Title:
Managing Director/Officer

 
FFL Individual Partners III, L.P.
 
By: Friedman Fleischer & Lowe GP III, L.P., its general partner
 
By: Friedman Fleischer & Lowe GP III, LLC, its general partner
 
 
By:
/s/Rajat Duggal
 
Name:
Rajat Duggal
 
Title:
Managing Director/Officer

 
FFL Executive Partners III, L.P.
 
By: Friedman Fleischer & Lowe GP III, L.P., its general partner
 
By: Friedman Fleischer & Lowe GP III, LLC, its general partner
 
 
By:
/s/Rajat Duggal
 
Name:
Rajat Duggal
 
Title:
Managing Director/Officer

 
 
 
 


 
Friedman Fleischer & Lowe GP III, L.P.
 
By: Friedman Fleischer & Lowe GP III, LLC, its general partner
 
 
By:
/s/Rajat Duggal
 
Name:
Rajat Duggal
 
Title:
Managing Director/Officer

 
Friedman Fleischer & Lowe GP III, LLC
 
 
By:
/s/Rajat Duggal
 
Name:
Rajat Duggal
 
Title:
Managing Director/Officer



/s/Spencer C. Fleischer
Spencer C. Fleischer