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M&A Deal Summary

Banner Bank Acquires AltaPacific

On July 24, 2019, Banner Bank acquired financial services company AltaPacific

Acquisition Highlights
  • This is Banner Bank’s 2nd transaction in the Financial Services sector.
  • This is Banner Bank’s 2nd transaction in the United States.
  • This is Banner Bank’s 1st transaction in California.

M&A Deal Summary
Date 2019-07-24
Target AltaPacific
Sector Financial Services
Buyer(s) Banner Bank
Deal Type Merger
Advisor(s) Panoramic Capital Advisors
Vining Sparks (Financial)
King, Holmes, Paterno & Soriano (Legal)

Target

AltaPacific

Santa Rosa, California, United States
AltaPacific Bancorp. is an independent business bank and operates as the holding company for AltaPacific Bank. The company provides a range of banking products and services to small to middle-market businesses, professionals, and not-for-profit organizations in California. AltaPacific Bancorp. was formed in 2006 and is based in Santa Rosa, California.

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Buyer(S) 1

Buyer

Banner Bank

Walla Walla, Washington, United States
Category Company
Founded 1890
Sector Financial Services
Employees1,910
Revenue 603M USD (2024)
DESCRIPTION
Banner Bank office in Tacoma, Washington.
Banner Bank office in Tacoma, Washington.

Banner Bank is a bank holding company. The Company is primarily engaged in the business of planning, directing and coordinating the business activities of its subsidiaries. Banner Bank was incorporated in 1890 and is based in Walla Walla, Washington.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Siuslaw Financial Group

Florence, Oregon, United States

Siuslaw Financial Group, Inc., is a community bank . It provides banking services, such as deposit, cash management, mortgages and loans, to small and midmarket businesses, service professionals, commercial property owners, and residents throughout Lane County.

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