Banner merger with Pacific Financial wins FDIC approval, awaits Fed sign-off

BANR•2026-08-13

Merger wins FDIC approval

Banner is set to acquire Pacific Financial through a merger, with closing targeted for Q3 2026.

Pacific Financial shareholders voted to support the merger agreement at a special meeting on Aug. 12.

Washington state bank regulators cleared the deal on Aug. 11, subject to FDIC and Federal Reserve sign-offs. FDIC clearance followed on Aug. 12, with Federal Reserve approval still pending.

Sources

Banner merger with Pacific Financial wins FDIC approval, awaits Fed sign-off

Sec

Banner merger with Pacific Financial wins FDIC approval, awaits Fed sign-off

Merger wins FDIC approval

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