Hollywood actress Elizabeth Banks has signed up to represent L’Oréal Paris as its latest spokesperson in campaigns starting February.

According to sources, the multi-year deal is estimated to be worth about $1 million a year to the highly sought after 34-year-old star.

“I am so honored be the newest L’Oreal Paris spokesperson and to join such a distinguished group of women who proudly say the iconic phrase ‘Because You’re Worth It,’” said Banks. “What impresses me most about L’Oreal is the company’s commitment to empowering women. L’Oreal wants women everywhere to not only take charge of their beauty, but to also take control of their health and well being.”

We saw Banks in four films this year — “W,” “Zach and Miri Make a Porno,” “Role Models” and “Meet Dave.” Slated for early 2009, Banks will appear in “The Uninvited” and “Lovely Still.”

More photos of Elizabeth Banks here:

Elizabeth Banks: Sexy or Funny?

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