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Banner Corporation acquires Pacific Financial Corporation

PRIVATEOct 14, 2026

Acquiring Company

Banner Corporation

Acquired Company

Pacific Financial Corporation

WashingtonAberdeenFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Banner Corporation has completed the acquisition of Pacific Financial Corporation and Bank of the Pacific, effective September 1, 2026. The deal involved issuing approximately 2.65 million shares of Banner, resulting in former Pacific shareholders owning about 7% of the merged entity. This strategic move aims to strengthen Banner's presence in Western Washington and Oregon. Integration of the companies is planned for November 2026.

Company Information

Company

Banner Corporation

Location

Washington, United States

About

Banner Corporation is a financial services company that operates through its subsidiaries. It offers a range of banking products and services including loans, deposits, and wealth management. The company primarily serves the Pacific Northwest region. Banner is noted for its commitment to customer service and community involvement.

Fundz sees it the moment Banner Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Pacific Financial Corporation?

Pacific Financial Corporation was acquired by Banner Corporation, based in Washington. The deal was reported on October 14, 2026. Banner Corporation is a financial services company that operates through its subsidiaries. It offers a range of banking products and services including loans, deposits, and wealth management. Banner Corporation is privately held and operates in Financial Services.

When did Banner Corporation acquire Pacific Financial Corporation?

Banner Corporation's acquisition of Pacific Financial Corporation was reported on October 14, 2026. Banner Corporation has completed the acquisition of Pacific Financial Corporation and Bank of the Pacific, effective September 1, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pacific Financial Corporation do?

Pacific Financial Corporation of Aberdeen, Washington, is the bank holding company for Bank of the Pacific, a state chartered and federally insured commercial bank. It is privately held, operating in Financial Services, and is based in Aberdeen.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.