This banner was made for Ash Wednesday and Holy Week.  Holy Week is the last week in Lent, beginning with Palm Sunday.  It is given special attention because of its significance as a review of the events of the Passion of Christ.
Certain days of Holy Week have been given special significance.  The first  Palm Sunday which takes its name from Jesus' triumphal entry into Jerusalem.
Thursday in Holy Week is the anniversary of the institution of the Lord's Supper which was held the evening before the crucifixion and is called Maundy Thursday.
Friday in Holy Week is the anniversary of the crucifixion and is called Good Friday.
The colors used  during Lent are violet, indicating a penitential period.  Black symbolized Jesus' suffering and death.  And the red reminds us that Jesus shed His blood  for us, so that our sins might be forgiven. 
The main symbol on this banner is the Latin Cross and is the actual form of the cross upon which Christ was crucified.
The black velvet material is from and old parament.  The next cross if made from red velvet and forms the backing for the banner.  The next cross is made from a patterned  purple corduroy and the main cross  is made of purple corduroy and outlined with white cording.  Also black and red cording are used on the crosses  The banner is finished with heavy black fringe.    Banner made in 2003.