Merger • Financial Services

Banner Bank Acquires AltaPacific

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

Acquisition Context

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.

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M&A Deal Summary
Date	July 24, 2019
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 Company

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 Overview 1

Buyer

Banner Bank

Walla Walla, Washington, United States

Category	Company
Founded	1890
Sector	Financial Services
Employees	1,910
Revenue	603M USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	2 of 2
Sector: Financial Services	2 of 2
Type: Merger	1 of 1
State: California	1 of 1
Country: United States	2 of 2
Year: 2019	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.	Buy	-

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.

Buy

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