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Exhibit 25.2

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|
___________________________
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)

400 South Hope Street
Suite 500
Los Angeles, California
(Address of principal executive offices)


90071
(Zip code)

___________________________
BANNER CORPORATION
(Exact name of obligor as specified in its charter)
Washington
(State or other jurisdiction of
incorporation or organization)
91-1691604
(I.R.S. employer
identification no.)

10 South First Avenue
Walla Walla, Washington
(Address of principal executive offices)

99362
(Zip code)
___________________________


Subordinated Debt Securities
(Title of the indenture securities)
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =


1. General information.  Furnish the following information as to the trustee:

(a)
Name and address of each examining or supervising authority to which it is subject.
Name
Address
Comptroller of the Currency
United States Department of the Treasury
 
Washington, DC 20219
Federal Reserve Bank
San Francisco, CA 94105
 
Federal Deposit Insurance Corporation
 
Washington, DC 20429

 (b)
Whether it is authorized to exercise corporate trust powers.
Yes.
2.
Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
16.
List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a‑29 under the Trust Indenture Act of 1939 (the "Act").

1.
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No.
333-121948).

3.
A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No.
333-152875).


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4.
A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

6.
The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.





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SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 10th day of June, 2020.
 
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
 
 
 
By:  /s/ Mitchell L. Brumwell                      
 
       Name:  Mitchell L. Brumwell
 
       Title:    Vice President







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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 500, Los Angeles, CA 90071



At the close of business March 31, 2020, published in accordance with Federal regulatory authority instructions.

 
 
Dollar amounts
in thousands
 
 
 
ASSETS
 
 
 
 
 
Cash and balances due from  
 
depository institutions:  
 
          Noninterest-bearing balances and currency and coin  
2,344
          Interest-bearing balances   304,273
Securities:  
 
          Held-to-maturity securities  
0
          Available-for-sale securities  
148,634
          Equity securities with readily determinable fair values not held for trading  
0
Federal funds sold and securities  
 
          purchased under agreements to resell:  
 
          Federal funds sold in domestic offices
 
0
          Securities purchased under agreements to resell
 
0
Loans and lease financing receivables:  
 
          Loans and leases held for sale
 
0
          Loans and leases, held for investment
0
 
          LESS: Allowance for loan and
 
 
          lease losses  0
 
          Loans and leases held for investment,  
 
          net of allowance  0
 
Trading assets  
0
Premises and fixed assets (including capitalized leases)  
22,122
Other real estate owned  
0
Investments in unconsolidated subsidiaries and associated companies  
0
Direct and indirect investments in real estate ventures  
0
Intangible assets  
856,313
Other assets  
98,701
 
 
 
Total assets
 
$1,432,387
 
 
 


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LIABILITIES
 
 
 
 
 
Deposits:  
 
     In domestic offices
 
3,142
          Noninterest-bearing
 3,142

          Interest-bearing
 0
 
     Not applicable
 
 
Federal funds purchased and securities
 
 
          sold under agreements to repurchase:
 
 
          Federal funds purchased
 
0
          Securities sold under agreements to repurchase
 
0
Trading liabilities  
0
Other borrowed money:  
 
(includes mortgage indebtedness and obligations under capitalized leases)  
0
Not applicable  
 
Not applicable
 
 
Subordinated notes and debentures  
0
Other liabilities
 
260,631
Total liabilities  
263,773
Not applicable 
   
 
 
 
 
 
 
EQUITY CAPITAL
 
 
     
Perpetual preferred stock and related surplus  
0
Common stock
 
1,000
Surplus (exclude all surplus related to preferred stock)
  324,083
Not available  
 
     Retained earnings
 
841,339
     Accumulated other comprehensive income  
2,192
Other equity capital components  
0
Not available
 
 
     Total bank equity capital  
1,168,614
     Noncontrolling (minority) interests in consolidated subsidiaries  
0
Total equity capital  
1,168,614
Total liabilities and equity capital  
1,432,387
 
 
 


I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty                ) CFO


We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Antonio I. Portuondo, President                                        )
Michael P. Scott, Managing Director                                 ) Directors (Trustees)
Kevin P. Caffrey, Managing Director                                 )


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