secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2026-09-01T13:17:02+00:00
Accession:  0000946673-26-000184
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/0000946673-26-000184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000094667326000184/banr-20260901.htm
  HTML page:      https://secwatch.observer/filing/0000946673-26-000184

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