Banner Corporation (NASDAQ: BANR) or (“the company”) is the $16.6 billion asset bank holding company of Banner Bank (“the bank”) based in Walla Walla, WA with 135 branches and 15 LPOs in WA, OR, CA, ID, NV, and UT.
BANR is a relationship-focused, super community bank and has completed six acquisitions over the last ten years for $6+ billion assets. Its largest deal was the $4.5 billion asset purchase of AmericaWest Bank in 2015, which extended BANR’s footprint into CA. On Sept. 1st, 2026, BANR closed its acquisition of Pacific Financial Corporation (“PFLC”), its first since 2019, adding $1.3 billion in assets.
BANR’s operating/financial profile has vastly improved since the GFC as a revamped management team, led by the current CEO, overhauled its strategy, improved risk management and culture, and supplemented organic growth with select acquisitions.
BANR is commercially oriented with a relatively balanced loan portfolio at 2Q26…
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