$BANR

BANNER CORP

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Banner Corporation (BANR) Announces Merger with Pacific Financial Corporation

Banner Corporation (BANR) officially announced its merger with Pacific Financial Corporation, parent company of Bank of the Pacific, on April 30, 2026. This all-stock deal is expected to create an entity with approximately $18 billion in total assets, expanding Banner's presence in the Pacific Northwest. The merger, unanimously approved by both boards, aims to be completed in Q3 2026 and is projected to improve earnings per share for 2027, subject to regulatory and shareholder approvals.

Banner Corporation to Acquire Pacific Financial Corporation

Banner Corporation is set to acquire Pacific Financial Corporation in an all-stock transaction, combining two Washington state-chartered commercial banks. The merger, valued at approximately $177 million, is expected to close in the third quarter of 2026, creating a combined entity with roughly $18 billion in assets. This acquisition aims to expand Banner's presence in Western Washington and Oregon, offering broader services to Pacific Financial customers while being immediately accretive to Banner's 2027 earnings per share.

Vanguard Capital Management reports 1.78M BANR shares (Ticker: BANR)

Vanguard Capital Management has filed a Schedule 13G, disclosing beneficial ownership of 1,781,109 shares of Banner Corp (BANR) Common Stock, which represents 5.22% of the class. The filing indicates Vanguard possesses sole power to dispose of all 1,781,109 shares and sole voting power over 256,573 shares. This disclosure was signed by Ashley Grim on April 29, 2026.

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