Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Fleischer Spencer C
2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2015
3. Issuer Name and Ticker or Trading Symbol
BANNER CORP [BANR]
(Last)
(First)
(Middle)
C/O FREIDMAN FLEISCHER & LOWE GP III LLC, ONE MARITIME PLAZA, SUITE 2200
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
10/09/2015
(Street)

SAN FRANCISCO, CA 94111
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fleischer Spencer C
C/O FREIDMAN FLEISCHER & LOWE GP III LLC
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
  X      
FRIEDMAN FLEISCHER & LOWE CAPITAL PARTNERS III LP
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
      Joint Filer
FRIEDMAN FLEISCHER & LOWE PARALLEL FUND III LP
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
      Joint Filer
FFL Individual Partners III, L.P.
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
      Joint Filer
FFL EXECUTIVE PARTNERS III LP
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
      Joint Filer
Friedman Fleischer & Lowe GP III, L.P.
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
      Joint Filer
Friedman Fleischer & Lowe GP III, LLC
ONE MARITIME PLAZA, SUITE 2200
SAN FRANCISCO, CA 94111
      Joint Filer

Signatures

/s/Spencer C. Fleischer 01/15/2016
**Signature of Reporting Person Date

Explanation of Responses:

No securities are beneficially owned

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
This Form 3/A amends and restates the original Form 3 filed on October 9, 2015 (the "Original Form 3").  The shares referred to in the Original Form 3 are now described on a separate Form 4 filed with the U.S. Securities and Exchange Commission on the date hereof reflecting the acquisition of such shares on October 1, 2015, as further described in such Form 4.  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 transactions contemplated by that certain Agreement and Plan of Merger, dated as of November 5, 2014, by and among the Issuer, SKBHC Holdings LLC and Starbuck Bancshares, Inc.  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  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. (the "FFL Funds")) and the Issuer.

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