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Stock impact report

Banner Corporation Completes Acquisition of AltaPacific Bancorp, Inc.

Banner Corporation (BANR) 
Last banner corporation earnings: 4/27 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.bannerbank.com
Company Research Source: GlobeNewswire
WALLA WALLA, Wash., Nov. 01, 2019 (GLOBE NEWSWIRE) -- Banner Corporation (“Banner”) (NASDAQ GSM: BANR), the holding company for Banner Bank and Islanders Bank, announced that effective November 1, 2019, it had completed the acquisition of AltaPacific Bancorp (“AltaPacific”) and its wholly-owned subsidiary, AltaPacific Bank, of Santa Rosa, California. As previously announced, the terms of the acquisition provide AltaPacific shareholders 0.2712 shares of Banner common stock in exchange for each share of AltaPacific common stock, plus cash in lieu of any fractional shares. “We are pleased to announce the completion of the merger, which expands our density in California and enhances our proven super community bank model,” stated Mark Grescovich, Banner President and Chief Executive Officer. “This combination is a complementary fit, both strategically and culturally, and creates the opportunity for additional scale while enhancing the value of the combined company.” “We welcome AltaPac Show less Read more
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