Banner Corporation Acquires Pacific Financial Corporation in All-Stock Merger
April 30, 2026
Banner Corporation (NASDAQ: BANR) entered into a definitive all-stock merger agreement to acquire Pacific Financial Corporation (OTCQX: PFLC) in a transaction valued at approximately $177 million. The deal would expand Banner’s presence and density in Western Washington and Western Oregon and is expected to be accretive to 2027 earnings per share.
- Buyers
- Banner Corporation
- Targets
- Pacific Financial Corporation
- Industry
- Financial Services
- Location
- Washington, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.