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WALLA WALLA, Wash. & ABERDEEN, Wash.--(BUSINESS WIRE)--Banner Corporation (“Banner”) (NASDAQ: BANR), the holding company for Banner Bank, and Pacific Financial Corporation (“Pacific Financial”) (OTCQX: PFLC), the holding company for Bank of the Pacific, today jointly announced important updates relating to the previously announced merger of Pacific Financial into Banner pursuant to that certain Agreement and Plan of Merger, dated as of April 30, 2026. Banner has received a letter from the Feder.
ABERDEEN, Wash., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (the “Company”), the holding company for Bank of the Pacific, announced that at the special meeting of shareholders held on August 12, 2026, the Company's shareholders approved the Agreement and Plan of Merger, dated as of April 30, 2026 (the “Merger Agreement”), between Banner Corporation (“Banner”) and the Company, pursuant to which, subject to satisfaction or waiver of certain conditions set forth in the Merger Agreement, the Company will merge with and into Banner, with Banner surviving the merger. The Company and Banner expect the closing of the merger to occur in the third quarter of 2026, subject to final regulatory approval and satisfaction or waiver of the other closing conditions set forth in the Merger Agreement.
ABERDEEN, Wash., July 24, 2026 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or (the “Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.9 million, or $0.29 per diluted share for the second quarter of 2026, compared to $3.1 million, or $0.30 per diluted share for the first quarter of 2026, and $2.7 million, or $0.27 per diluted share for the second quarter of 2025. The current quarter's net income compared to the prior quarter reflects higher net interest income, lower recapture for credit losses, higher non-interest income and higher non-interest expenses. Non-interest expenses were higher in the current quarter due to expenses related to a pending merger with Banner Corporation.
NEW YORK, May 05, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating
NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Pacific Financial Corporation (OTCQX: PFLC ) related to its merger with Banner Corporation. Under the terms of the proposed transaction, Pacific Financial shareholders are expected to receive 0.2633 share of Banner common stock for each share of Pacific Financial. Is it a fair deal?
MILWAUKEE, April 30, 2026 /PRNewswire/ -- Ademi LLP is investigating Pacific Financial (OTCQX: PFLC) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Banner Corporation. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995.
WALLA WALLA, Wash. & ABERDEEN, Wash.--(BUSINESS WIRE)--Banner Corporation (“Banner”) (NASDAQ: BANR), the holding company for Banner Bank, and Pacific Financial Corporation (“Pacific Financial”) (OTCQX: PFLC), the holding company for Bank of the Pacific, today jointly announced that they have entered into a definitive merger agreement. Under the terms of the agreement, Banner will acquire Pacific Financial in an all-stock transaction, subject to the terms and conditions set forth therein. Follow.
ABERDEEN, Wash., April 24, 2026 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or (the “Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $3.1 million, or $0.30 per diluted share for the first quarter of 2026, compared to $3.1 million, or $0.31 per diluted share for the fourth quarter of 2025, and $2.4 million, or $0.24 per diluted share for the first quarter of 2025. The current quarter's net income relative to the prior quarter reflects a slight decrease in net interest income, a recapture for credit losses, lower non-interest income and lower non-interest expenses.
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