BANNER CORP — Form 8-K
Filed August 17, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Banner Corporation and Pacific Financial Corporation announced on August 17, 2026 that all regulatory approvals for their merger have been obtained, including Federal Reserve approval of Banner's waiver request. The parties anticipate closing the merger on September 1, 2026. Pacific Financial has $1.26 billion in total assets as of June 30, 2026, making this approximately a 7.6% asset-size acquisition for Banner (which operates $16.59 billion in assets).
Why this rating
Meaningful but not transformational deal; ~$1.26B target is moderate relative to Banner's $16.59B asset base. Regulatory approval eliminates key risk; closure is imminent and customary. Modestly accretive acquisition for Banner in Western regional banking market.
See more from August 17, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.