Pacific Financial Acquisition | Financial Services Deal in WA

Banner Corporation has acquired Pacific Financial, a banking business in Washington, for an undisclosed amount. Pacific Financial provides retail and commercial banking services through its banking operations, supporting lending, deposit products, and customer financial services in WA. Banner’s Pacific Financial acquisition strengthens its footprint for financial services M&A and WA acquisitions by expanding banking capabilities and customer relationships. The merger acquisition is a strategic acquisition by a strategic buyer, structured as a bank merger with customary merger agreement terms, including conversion of securities and closing mechanics, with timing to be determined under the announced deal process.