Banner completes acquisition of Pacific Financial Corp effective Sept. 1

• Banner completed its acquisition of Pacific Financial, parent of Bank of the Pacific, effective Sept. 1, 2026.
• Pacific Financial reported $1.26 billion in total assets as of June 30, 2026, operating 15 branches in Washington and Oregon.
• Each Pacific Financial share converted into 0.2633 shares of Banner common stock; former Pacific Financial holders own about 7% post-close.
• Systems integration is planned for November, shifting all operations to the Banner brand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banner Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202609010910BIZWIRE_USPR_____20260901_BW467525) on September 01, 2026, and is solely responsible for the information contained therein.