Banner completes acquisition of Pacific Financial Corp effective Sept. 1
BANR•Banner closes Pacific Financial acquisition
Banner completed its acquisition of Pacific Financial, parent of Bank of the Pacific, effective Sept. 1, 2026.
Pacific Financial reported $1.26 billion in total assets as of June 30, 2026, operating 15 branches in Washington and Oregon.
Each Pacific Financial share converted into 0.2633 shares of Banner common stock; former Pacific Financial holders own about 7% post-close.
Systems integration is planned for November, shifting all operations to the Banner brand.
