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Violation Tracker Individual Record

Company: Banner Bank
Current Parent Company: Banner Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $15,000,000
Year: 2024
Date: February 22, 2024
Offense Group: employment-related offenses
Primary Offense: wage and hour violation
Violation Description: Banner Bank agreed to pay $15 million to settle litigation alleging it prevented mortgage loan officers from receiving overtime pay.
Level of Government: federal
Action Type: private litigation
Court: Western District of Washington
Civil or Criminal Case: civil
Case ID: 2:17-cv-00601
Case Name: Bolding et al v. Banner Bank
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Washington
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.