BANNER CORP (BANR) — Current Report

AI-Powered SEC Filing Analysis

Latest Current Report Filed: 2026-05-01

Key Insights

Banner Corporation is acquiring Pacific Financial Corporation in an all-stock merger with an exchange ratio of 0.2633 Banner shares per Pacific Financial share, representing a significant consolidation in the regional banking sector.
The merger requires a two-thirds shareholder approval vote from Pacific Financial shareholders and approvals from the Federal Reserve Board, FDIC, and Washington State Department of Financial Institutions, indicating a standard regulatory review process for bank consolidations.
Pacific Financial's CEO Denise Portmann is expected to transition to an executive vice president role at Banner Bank post-merger, while all current Banner directors and officers will remain unchanged, suggesting a Banner-led integration.
All outstanding Pacific Financial stock options will fully vest and convert to cash payments based on the merger consideration, and all RSU awards will fully vest upon closing, protecting employee equity incentives in the transaction.

Want the newest filings?

This analysis covers the filing from 2026-05-01. New 10-K, 10-Q and 8-K filings are analyzed the moment they are released — exclusively in the app.

Download on the App Store Open in app →

Earlier Current Report filings

Filed: 2026-04-22

Banner Corporation released Q1 2026 earnings results on April 22, 2026, with an earnings call scheduled for April 23, 2026, providing investors opportunity to assess operational performance and management guidance.
The company declared a regular quarterly cash dividend of $0.52 per share payable May 15, 2026, demonstrating continued confidence in cash generation and commitment to returning capital to shareholders.
The 8-K is a routine earnings announcement filing with no material agreements, executive changes, or extraordinary events disclosed, indicating normal operational activity for the regional bank.

Filed: 2026-03-02

Banner Corporation has appointed two new independent directors, Monica B. O'Reilly and Judith A. Steiner, to its Board of Directors effective March 1, 2026. This expands the Board from 12 to 13 directors.
The new directors will receive an annual cash retainer of $55,000 and an award of restricted stock units (RSUs) with a grant date fair value of $65,000, as well as additional cash retainers for serving on Board committees.
The appointments of Ms. O'Reilly and Ms. Steiner are in line with the Company's corporate governance practices and aim to strengthen the Board's independence and diversity of experience.

Filed: 2026-01-21

Banner Corporation reported its Q4 2025 and full year 2025 earnings on January 21, 2026, showing solid financial performance with year-over-year growth in revenue and profitability.
The company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share, payable on February 13, 2026 to shareholders of record as of February 3, 2026.
The company plans to review its investor presentation during the upcoming earnings call on January 22, 2026, providing further details on its financial and operational results.

Other reports for BANNER CORP

Quarterly Report Insider Trading Annual Report

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.