Pacific Financial Acquired by Banner | Financial Services M&A Deal

Banner has acquired Pacific Financial, a banking business in Washington, for $177 million. Pacific Financial provides retail and commercial banking services, supporting deposits, lending, and local customer relationships across Washington. Banner acquisitions expand its financial services footprint through a merger acquisition focused on strengthening core banking operations and customer access in the state. The strategic acquisition is part of financial services M&A and WA acquisitions, with Banner pursuing a strategic acquisition platform to grow scale and market presence. The announced merger acquisition is expected to close after SEC registration and customary conditions, with deal terms structured through a Banner S-4 registration process.