# BANNER CORP (BANR) — merger [announced]
Source: SEC API (secapi.ai) · situation sit_5bbeb960d786093349cd · retrieved 2026-08-16T21:03:40.369Z

## Overview
Banner Corporation is a state commercial bank holding company incorporated in Washington.

Banner Corporation and Pacific Financial Corporation entered into an Agreement and Plan of Merger dated April 30, 2026, pursuant to which Pacific Financial will merge with and into Banner. On August 11, 2026, the Washington State Department of Financial Institutions-Division of Banks granted approval of the Merger subject to FDIC and Federal Reserve approval. On August 12, 2026, the FDIC granted approval of the Merger, subject to Federal Reserve approval. On August 12, 2026, Pacific Financial held a special shareholder meeting to approve the Merger Agreement, and on August 13, 2026, Pacific Financial announced that its shareholders voted to approve the Merger Agreement. The parties expect the closing of the Merger to occur in the third quarter of 2026, subject to remaining regulatory approvals and satisfaction or waiver of other closing conditions.

## Terms
- Counterparty: Pacific Financial Corporation

## Key dates
- Announced 2026-08-13 · Vote 2026-08-12 · Expected close 2026-09-30

## Timeline
- 2026-08-13 · 8-K (0000946673-26-000176): 8-K - BANNER CORP — *Banner Corporation is a state commercial bank holding company incorporated in Washington.* Banner Corporation and Pacific Financial Corporation entered into an Agreement and Plan of Merger dated April 30, 2026, pursuant to which Pacific Financial will merge with and into Banner. On August 11, 2026, the Washington State Department of Financial Institutions-Division of Banks granted approval of the Merger subject to FDIC and Federal Reserve approval. On August 12, 2026, the FDIC granted approval of the Merger, subject to Federal Reserve approval. On August 12, 2026, Pacific Financial held a special shareholder meeting to approve the Merger Agreement, and on August 13, 2026, Pacific Financial announced that its shareholders voted to approve the Merger Agreement. The parties expect the closing of the Merger to occur in the third quarter of 2026, subject to remaining regulatory approvals and satisfaction or waiver of other closing conditions.
  https://www.sec.gov/Archives/edgar/data/946673/0000946673-26-000176.txt

## Citations
- 0000946673-26-000176 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000094667326000176