Mergers & Acquisitions ·
Banner Corporation announced that it has received all necessary regulatory approvals for its previously disclosed…
BANRBanner Corp
Banner Corporation announced that it has received all necessary regulatory approvals for its previously disclosed merger with Pacific Financial Corporation. Specifically, the Federal Reserve issued a letter stating it does not object to Banner's waiver of the application requirement for the transaction. Consequently, both parties anticipate closing the merger on September 1, 2026, subject to customary closing conditions. This development removes a key regulatory hurdle and sets a definitive timeline for the combination of the two banking entities.