---
schema_version: "secwatch.filing_event.v1"
accession: "0000946673-26-000184"
form_type: "8-K"
ticker: "BANR"
cik: "0000946673"
company_name: "BANNER CORP"
filed_at: "2026-09-01T13:17:02+00:00"
generated_at: "2026-09-01T13:17:37.739086+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Banner completes acquisition of Pacific Financial; issues 0.2633 shares per Pacific share

## Summary
- Effective Sept 1, 2026, Pacific Financial merged into Banner; each Pacific share converted to 0.2633 Banner shares (~2.65M shares issued).
- Pacific Financial had $1.26B assets and 15 Bank of the Pacific branches in WA/OR at June 30, 2026; systems integration planned for November.
- Former Pacific shareholders own ~7% of combined company; existing Banner shareholders own ~93%.
- Denise Portmann, former Pacific CEO, named EVP of Banner Bank to lead integration.

## SEC filing metadata
- accession: 0000946673-26-000184
- form_type: 8-K
- ticker: BANR
- cik: 0000946673
- company_name: BANNER CORP
- filed_at: 2026-09-01T13:17:02+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/0000946673-26-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/banr-20260901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000946673-26-000184
- JSON: https://secwatch.observer/filing/0000946673-26-000184.json
- Plain text: https://secwatch.observer/filing/0000946673-26-000184.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.