Banner Corporation to Acquire Pacific Financial Corporation

Banner Corporation is set to acquire Pacific Financial Corporation in an all-stock transaction, combining two Washington state-chartered commercial banks. The merger, valued at approximately $177 million, is expected to close in the third quarter of 2026, creating a combined entity with roughly $18 billion in assets. This acquisition aims to expand Banner’s presence in Western Washington and Oregon, offering broader services to Pacific Financial customers while being immediately accretive to Banner’s 2027 earnings per share.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin