SC 13G 1 c19505sc13g.htm SCHEDULE 13G sc13g
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

Banner Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
06652V109
(CUSIP Number)
October 15, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

 
 

 

                     
CUSIP No.
  
06652V109 
  

 

           
1   NAMES OF REPORTING PERSONS

I.R.S. Indentification Nos. of above persons (entities only).

FBOP Corporation
Cottonwood Holdings, Inc.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Illinois (for both FBOP Corporation and Cottonwood Holdings, Inc.)
       
  5   SOLE VOTING POWER
     
NUMBER OF   814,712
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   814,712
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  FBOP Corporation                     151,421
Cottonwood Holdings, Inc.     663,291
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.18%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  FBOP Corporation — Parent Holding Company (HC)
Cottonwood Holdings, Inc. — Corporation (CO)

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Item 1(a).
  Name of Issuer
 
    
 
  Banner Corporation
 
    
Item 1(b).
  Address of Issuer’s Principal Executive Offices
 
    
 
  10 S. First Avenue
Walla Walla, Washington 99362 
 
    
Item 2(a).
  Name of Person Filing
 
    
 
  FBOP Corporation
Cottonwood Holdings, Inc.
 
    
Item 2(b).
  Address of Principal Business Office or, if none, Residence
 
    
 
  11 W. Madison Street
Oak Park, IL 60302 
 
    
Item 2(c).
  Citizenship
 
    
 
  Illinois
 
    
Item 2(d).
  Title of Class of Securities
 
    
 
  Common Stock
 
    
Item 2(e).
  CUSIP Number
 
    
 
  06652V109 
 
    
Item 3.
  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
         
(a)
  o   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)
  o   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
  o   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)
  o   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
(e)
  o   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)
  o   An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)
  o   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
  o   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
  o   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
  o   Group, in accordance with §240.13d-1(b)(1)(ii)(J).

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Item 4.
  Ownership
 
    
 
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
         
(a)
  Amount beneficially owned:   814,712 
 
        
(b)
  Percent of class:   5.18% 
 
        
(c)
  Number of shares as to which the person has:
     
(i)  
  Sole power to vote or to direct the vote
 
    
 
  814,712 
 
    
(ii) 
  Shared power to vote or to direct the vote
 
    
 
  0 
 
    
(iii)
  Sole power to dispose or to direct the disposition of
 
    
 
  814,712 
 
    
(iv)
  Shared power to dispose or to direct the disposition of
 
    
 
  0 
     
Item 5.
  Ownership of Five Percent or Less of a Class:
 
    
 
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [   ].
 
    
Item 6.
  Ownership of More than Five Percent on Behalf of Another Person:
 
    
 
  n/a
 
    
Item 7.
  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
 
    
 
  n/a
 
    
Item 8.
  Identification and Classification of Members of the Group:
 
    
 
  FBOP Corporation
Cottonwood Holdings, Inc. is a wholly-owned subsidiary of FBOP Corporation.
 
    
Item 9.
  Notice of Dissolution of Group:
 
    
 
  n/a
 
    

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Item 10.
  Certification:
     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
      October 17, 2007   
  Date  
 
    FBOP Corporation   
 
  By:        /s/ Michael F. Dunning   
       
  Michael F. Dunning
Executive Vice President — Chief Financial
Officer 		  
 
 
    Cottonwood Holdings, Inc.    
 
  By:        /s/ William M. Ramette    
       
  William M. Ramette
President 		  
 

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