BANNER CORP (BANR) Form 424B3 — Jun 16, 2026
Banner Corporation has entered into a definitive agreement to acquire Pacific Financial Corporation in an all-stock transaction valued at approximately $178.5 million based on Banner's closing price on June 12, 2026. Under the terms, each share of Pacific Financial common stock will convert into 0.2633 shares of Banner common stock, with current Pacific Financial shareholders expected to own approximately 7% of the combined company post-merger. The transaction is anticipated to close in the third quarter of 2026, pending shareholder approval and regulatory clearances.
Key figures
- Deal Value Usd
- 178500000
- Offering Price
- 17.7
- Shares Offered
- 2654957
- Exchange Ratio
- 0.2633
- Banner Shareholder Ownership
- 93%
- Pacific Financial Shareholder Ownership
- 7%
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