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Banner Corporation (BANR) Announces Merger with Pacific Financial Corporation
Banner Corporation (BANR) officially announced its merger with Pacific Financial Corporation, parent company of Bank of the Pacific, on April 30, 2026. This all-stock deal is expected to create an entity with approximately $18 billion in total assets, expanding Banner’s presence in the Pacific Northwest. The merger, unanimously approved by both boards, aims to be completed in Q3 2026 and is projected to improve earnings per share for 2027, subject to regulatory and shareholder approvals.