Welcome Bank of the Pacific Clients
Dear Current and Future Clients:
Banner Corporation and Pacific Financial Corporation have reached an agreement for Pacific Financial to merge with and into Banner, subject to Pacific Financial shareholder approval, regulatory approval and other closing conditions. The merger also will result in Bank of the Pacific merging into Banner Bank, creating a larger collective presence in Western Washington, Western Oregon and throughout the West Coast.
Bank of the Pacific is a highly-respected, financially strong community bank. We are pleased Pacific Financial selected Banner as its merger partner and look forward to welcoming its clients to Banner Bank
Banner and Bank of the Pacific share core values regarding client service, care for employees and commitment to the communities in which we operate. Bank of the Pacific’s operating footprint complements ours, and our culture and approach to serving clients are very similar. Like Bank of the Pacific, Banner is headquartered in Washington and focused on long-term client relationships.
As a Banner client, you will benefit from access to even more resources, expanded product and service offerings as well as additional technology tools, higher lending limits for commercial clients, and more choices for where you do your banking as you travel throughout the West.
We anticipate the merger will be finalized in the third quarter this year. Until then, it is business as usual at all Bank of Pacific locations. In the coming weeks and months, you will receive more information, including details on your specific accounts, products and services. Until then, if you have questions please reach out to your local Bank of Pacific branch or banking team.
Sincerely,
Mark Grescovich
CEO & President