Pacific Financial Shareholders Approve Banner Corp Merger, Closing Expected Q3
BANR sits 29% above its 52-week low of $57.05.
Summary
Pacific Financial shareholders approved the merger with Banner Corp at a special meeting on August 12, 2026. The all-stock deal, valued at $178.5 million, now awaits final regulatory approval with closing expected in Q3 2026. This removes a key uncertainty and confirms the transaction is on track. Banner's stock trades near its 52-week high, reflecting market confidence in the acquisition. The merger adds $1.26 billion in assets and 18 branches in Washington and Oregon, expanding Banner's Pacific Northwest footprint.
At the time of this announcement, BANR was trading at $73.42 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $57.05 to $73.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.