Absolutely yes. Top tier? Not at all (loses to heavy zoners like Captain Cold). WW gives him problems too due to range and her great footsies.
Overall, I'd say he's a solid upper mid. BF2 elbow is amazing and when the other Banes criticizing it start to use it more, I'm confident they will see also (I didn't like it at first either). This beats throws (non air throws), lows, low poking mids, neutral jumping and backdashing (if spaced right). This move is REALLY good considering Bane's main tool in the neutral is D1. Many, many times I'll randomly walk back and forth and use this move. It's fast too. Hit somebody enough times w/this move and they start doing what we want, which is getting up blocking low, then Bane Bomb.
Bane is being slept on and I hope it stays this way. He is not easy mode to play, your defense needs to be on point. But his AA are excellent too. D2, DB2 MB (with trait on to absorb a hit) is REALLY strong in a jump heavy game.
Again I recommend a pocket char for super zoner heavy chars, but I strongly feel a good bane can handle most of the cast