Welcome AltaPacific Bank
Commonly Asked Questions
Why is AltaPacific Bank merging with Banner?
This is an opportunity for our two banks to create a larger collective presence in California. The cultures and approach to serving clients are very similar at our two banks. Plus, this merger offers numerous benefits to AltaPacific Bank clients, including expanded products and services, more locations to choose from and higher lending limits for commercial clients – all while remaining with a well-respected financial institution.
Does this mean there will be a change in ownership of AltaPacific Bank?
Yes. AltaPacific Bank will become part of Banner when the merger is complete.
Will AltaPacific Bank’s name change?
Yes. We will operate as one unified bank, Banner Bank. We look forward to sharing more with you about Banner Bank in the coming weeks and months.
Who is Banner Bank?
Headquartered in Walla Walla, Washington, Banner has been serving clients for nearly 130 years with a wide variety of products and services. Banner’s offerings include a full suite of business and personal banking products and services including personal loans and mortgage lending, commercial and small business lending, treasury management services and commercial real estate lending. We operate more than 200 total locations throughout Washington, Oregon, California and Idaho. With current assets of $11.8 billion, Banner Corporation trades on NASDAQ under the symbol BANR.
When will the acquisition be finalized?
We anticipate the merger to be finalized late in the fourth quarter of 2019, subject to approval of shareholders and regulators ad other customary closing conditions. You can expect communication throughout the process.
Will any branch be consolidated?
One thing that makes this combination a good fit is the fact that we serve some of the same communities. While a few branches will consolidate, decisions regarding which branch will consolidate into another have not been finalized. In the coming weeks, we will carefully evaluate each location to ensure we’re providing the combined organization with the best location from which to serve you. We will communicate any decisions and changes as we know more, and you can expect to receive ample notice of any consolidations.
How will my accounts change?
We will be working to ensure the merger goes smoothly while bringing you new opportunities for products, services, and convenient access to your accounts. Teams from both organizations will carefully review every AltaPacific Bank product. If changes are made, you will receive detailed information with ample notice.
What changes now, before the acquisition is complete?
It will be business as usual at all AltaPacific Bank locations. You can count on the same professional colleagues serving your financial needs.