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Banner Corporation to merge with Pacific Financial

PRIVATEAug 13, 2026•about 3 hours ago

Acquiring Company

Banner Corporation

Acquired Company

Pacific Financial Corporation

Walla WallaAberdeenFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

Pacific Financial Corporation announced that its shareholders approved a merger agreement with Banner Corporation. The merger will see Pacific Financial merge into Banner, with Banner surviving the merger. The closing of the merger is expected in the third quarter of 2026, pending regulatory approval.

Company Information

Company

Banner Corporation

Location

10 South 1st Avenue

Walla Walla, Washington, United States

About

Banner Corporation is a financial institution that offers a variety of banking services to its customers. The company is committed to providing excellent customer service and offers a range of personal and commercial banking solutions. With its wholly owned banking subsidiary, Banner Bank, it serves communities across the Pacific Northwest. Banner Corporation is located in Walla Walla, Washington.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Pacific Financial Corporation?

Pacific Financial Corporation was acquired by Banner Corporation, based in Walla Walla. The deal was reported on August 13, 2026. Banner Corporation is a financial institution that offers a variety of banking services to its customers. 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 August 13, 2026. Pacific Financial Corporation announced that its shareholders approved a merger agreement with Banner Corporation. The merger will see Pacific Financial merge into Banner, with Banner surviving the merger. 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.

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