Banner Corp Secures Final Regulatory Approval for Pacific Financial Merger, Sets September 1 Closing
BANR sits 29% above its 52-week low of $57.05.
Summary
Banner Corp received the final regulatory approval needed for its merger with Pacific Financial and announced a September 1, 2026 closing date.
Key Events · M&A and Partnerships · BANR
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Final Regulatory Approval Received
On August 14, 2026, the Federal Reserve issued a non-objection letter for the merger application waiver, completing all required regulatory approvals.
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Closing Date Set for September 1
Banner and Pacific Financial announced they anticipate closing the merger on September 1, 2026, subject to customary closing conditions.
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Merger Valued at $178.5 Million
The all-stock transaction, first announced April 30, 2026, values Pacific Financial at approximately $178.5 million.
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Pacific Financial Shareholders Approved
Pacific Financial shareholders approved the merger at a special meeting on August 12, 2026, clearing the way for completion.
Analysis · BANR · Finance
The last regulatory hurdle for Banner Corp's $178.5 million stock-for-stock acquisition of Pacific Financial has been cleared. With the Federal Reserve's non-objection to the application waiver, all required approvals are now complete, and the companies expect to close on September 1, 2026. This removes the final uncertainty around a deal that has been in progress since April 2026.
How filings like this one have moved
In the 30 days to Aug 23, 2026, 29.5% of the 2875 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BANR was trading at $73.65 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $57.05 to $74.84. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.