425 ·Filed Jul 20, 2026

BANR

BANNER CORP
NEUTRAL
Impact 3/10
Horizondays Processed2mo ago SEC0001140361-26-028977
Rule 425 M&A communications
Actionable Insight • Neutral

Monitor the shareholder vote outcome on August 12, 2026; a failure to secure majority approval could delay the merger. The stock may see modest volatility depending on vote tally or any adjournment announcements.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d
BANR ▲ +2.81% at T+20d
NEUTRAL call ✓ call won +2.81% · α vs SPY +0.25% · entry $70.74 → $72.73
Next anchor: T+60d in 11d
Latest observation: T+49 +2.25% FF3 residual α
Entry anchored
Jul 20, 03:59 PM ET
via exchange tick
T+1d
-1.58%
call -1.58% · α -1.47%
$69.62
settled 2mo ago
T+5d
-0.72%
call -0.72% · α +0.51%
$70.23
settled 2mo ago
T+20d
+2.81%
call +2.81% · α +0.25%
$72.73
settled 7w ago
T+60d
—
call — · α —
—
in 11d

Price Chart

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Executive Summary

Banner Corp filed a Rule 425 communication urging Pacific Financial Corporation shareholders to vote in favor of the proposed merger ahead of the August 12, 2026 special meeting. The filing emphasizes that non-votes count as votes against and warns of a potential adjournment if sufficient votes are not received. No new financial terms or material updates are disclosed.

Key Financial Metrics

Deal Type
merger

Key Facts

  • Special meeting of Pacific Financial shareholders scheduled for August 12, 2026.
  • Pacific Financial Board unanimously recommends voting FOR the merger.
  • Failing to vote has the same effect as a vote against the proposal.
  • Proxy statement/prospectus dated June 16, 2026 was sent to shareholders on or about June 18, 2026.
  • If insufficient votes are received, the meeting may be adjourned to permit further solicitation.

Financial Impact

No financial figures disclosed in the filing.

Risk Factors

  • Shareholder rejection of the merger proposal.
  • Potential adjournment and extended timeline.
  • No material change in deal terms, leaving valuation uncertainty.

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
67% bullish (12 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001140361-26-028977
Document: 0001140361-26-028977-index-headers.html0001140361-26-028977
Document: 0001140361-26-028977-index.html0001140361-26-028977
Document: 0001140361-26-028977.txt0001140361-26-028977
6 reports for BANR
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BANR — sortable, filterable
TypeNow
Sep 1, 2026
4w ago
8-K
NEUTRAL ★ 5/10
$68.58 $67.00▼ −2.30%▼ −2.62%$67.88 (−1.02%)
Jul 20, 2026
10w ago
425
NEUTRAL ★ 3/10
$70.74 $72.73▲ +2.81%▲ +0.25%$67.88 (−4.04%)
Jun 17, 2026
15w ago
EFFECT
NEUTRAL ★ 3/10
$64.76 $72.43▲ +11.84%▲ +10.53%$67.88 (+4.82%)
Jun 15, 2026
15w ago
S-4/A
NEUTRAL ★ 5/10
$66.12 $69.05▲ +4.43%▲ +4.23%$67.88 (+2.66%)
Jun 3, 2026
17w ago
S-4
NEUTRAL ★ 5/10
$64.61 $67.17▲ +3.96%▲ +5.33%$67.88 (+5.06%)
Apr 22, 2026
23w ago
8-K
BULLISH ★ 8/10
$67.22 $64.65▼ −3.82%▼ −8.45%$67.88 (+0.99%)
Showing 6 of 6

US Market Status

Market Closed — Opens Mon (38h 37m)

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