$BANR (BANNER) — 8-K: Banner closes Pacific Financial acquisition, adding $1.26 billion in assets

Banner Corporation completed its acquisition of Pacific Financial Corporation and Bank of the Pacific effective September 1, 2026. Pacific Financial had total assets of $1.26 billion and fifteen branches in Washington and Oregon at June 30, 2026. Each Pacific Financial share converted into 0.2633 Banner shares, leaving former Pacific Financial shareholders with approximately 7% of the combined company. Banner has approximately $18 billion in assets post-closing, with systems integration planned for November.

Banner Corporation completed its acquisition of Pacific Financial Corporation and Bank of the Pacific effective September 1, 2026. Pacific Financial had total assets of $1.26 billion and fifteen branches in Washington and Oregon at June 30, 2026. Each Pacific Financial share converted into 0.2633 Banner shares, leaving former Pacific Financial shareholders with approximately 7% of the combined company. Banner has approximately $18 billion in assets post-closing, with systems integration planned for November.