Banner Corporation and Pacific Financial Corporation Set Closing Date for Merger
Banner Corporation and Pacific Financial Corporation jointly announced updates regarding their previously announced merger, in which Pacific Financial will merge into Banner under an Agreement and Plan of Merger dated April 30, 2026. The companies have set a closing date for the transaction, and Banner has received a letter from the Federal Reserve.
Why it matters — BANR watchers would care because this update moves the previously announced acquisition of Bank of the Pacific's parent company closer to completion.