Banks attended Loyola High School in the Pico-Union neighborhood, lettering in football and track. He accepted a football scholarship from Stanford University, where he was a backup at wide receiver. In 1977, he was second on the team with 16 kickoff returns for 222 yards. In 1978, he led the team with 13 kickoff returns for 269 yards. He finished his college career with 29 receptions for 294 yards and 5 touchdowns. He became a standout in track, running the 100 metres in 10.33 seconds.
In 1983, he signed as a free agent with the Oakland Invaders of the United States Football League, where he was a teammate of Anthony Carter. In his first year, he registered 61 receptions for 855 yards and 2 touchdowns. In 1984, he tallied 64 receptions for 937 yards and 5 touchdowns. In 1985, the Invaders were merged with the Michigan Panthers and he became a teammate of Anthony Carter and Bobby Hebert. He recorded 62 receptions for 1,115 receiving yards and 5 touchdowns. Banks finished as one of the career receiving leaders in USFL history, recording 187 receptions for 2,907 yards. He was the only player to catch a pass in all 54 USFL games and was the Invaders' All-time leading receiver.
Dallas Cowboys
When the USFL folded in 1985, he signed in mid-season as a free agent with the Dallas Cowboys, reuniting with Dick Nolan, who was his head coach with the Saints. At the time, he was the team's fastest player. He was activated On December 5, playing as a punt returner in 2 regular season games and one playoff game. In 1986, he was named a starter at wide receiver for the season opener against the New York Giants, in place of an injured Mike Renfro. He had 15 receptions for 178 yards before Renfro returned to the lineup in the sixth game. He took over the punt return duties in the seventh game, leading the team with a 5.9-yard average. He finished the season with 17 receptions for 202 yards and 27 punt returns for 160 yards. The next season, injuries on the wide receiver corps, forced the Cowboys to start him in 4 contests. In 5 games he had 15 receptions for 231 yards and one touchdown, but suffered a stress fracture in his foot that forced him to miss the last 7 games and eventually ended his professional career. He was waived on August 28, 1988.
Personal life
Banks and his wife Derozette are pastors for Overcomer Covenant Church in Federal Way, Washington.
