Born at Preston, Lancashire of unknown parentage,
By the end of the 1590s Banister had moved to Hackney, leasing a house from the Goldsmiths’ Company.
Elected third warden of the Goldsmiths’ Company in June 1609, Banister progressed to the second wardenship in 1611 before being returned to Parliament for Preston in 1614. His election may have been prompted, in part, by Lord Zouche, whose cousin Sir Edward Zouche controlled the glass monopoly, which was subsequently questioned in the Commons. Moreover, Banister himself may have wished to sit in order to further a bill aimed at assuring the title of some lands bought by Bevis Molesworth, then prime warden of the Goldsmiths’ Company. If so, however, it is strange that Banister was not named to the bill committee on 20 May.
Following the Parliament’s dissolution, Banister was himself elected prime warden of the Goldsmiths.
Banister’s pleas of relative poverty continued to be believed, for in February 1622 he was discharged from the office of a London alderman immediately after being sworn in on the grounds that his entire estate was worth less than 10,000 marks.
Soon after the 1625 Parliament ended Lord Zouche died. Banister, who witnessed Zouche’s will, was left £100.
Banister died without leaving any surviving children on 28 July 1628 aged 90, and was buried two days later in the chancel of St. John’s, Hackney.
