Banner (BANR) 8-K/A Results of Operations and Financial Condition

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 2, 2007
Banner Corporation
(Exact name of registrant as specified in its charter)
Washington	0-26584	91-1691604
State or other jurisdiction	Commission	(I.R.S. Employer
of incorporation	File Number	Identification No.)
10 S. First Avenue, Walla Walla, Washington		99362
(Address of principal executive offices)		(Zip Code)
Registrant's telephone number (including area code) (509) 527-3636
Not Applicable
(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 2.02 Results of Operations and Financial Condition 

        Banner Corporation issued its earnings release for the quarter ended March 31, 2007 and subsequently discovered that the release, as filed with the Form 8-K on May 1, 2007, contained several nonmaterial errors that were not contained in the release issued to the public. Accordingly, the Company is refiling its earnings release with the following corrections to numbers at March 31, 2007:

        Page 5, Financial Condition, Assets (March 31, 2007):
                    Securities - trading: This amount was stated as $218,527 and should be $218,477.

                    Other assets: This amount was stated as $17,543 and should be $17,593.

        These corrections are reflected in the attached revised earnings release, a copy of which is attached hereto as Exhibit 99.1 and which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

            (c)         Exhibits

            99.1       Press Release of Banner Corporation dated May 2, 2007.

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SIGNATURES
        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	BANNER CORPORATION
Date: May 2, 2007	By:/s/Albert H. Marshall
	Albert H. Marshall
	Vice President

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Exhibit 99.1

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Contact:  D. Michael Jones,

                      President and CEO

                      Lloyd W. Baker, CFO

                     (509) 527-3636

News Release

BANNER CORPORATION REPORTS FIRST QUARTER PROFITS OF $7.8 MILLION;
COMPLETES ACQUISITIONS OF F&M BANK AND SAN JUAN FINANCIAL HOLDING COMPANY