Add-on Acquisition • Financial Services

Banner Bank Acquires Siuslaw Financial Group

On March 9, 2015, Banner Bank acquired financial services company Siuslaw Financial Group

Acquisition Context
  • This is Banner Bank’s 1st transaction in the Financial Services sector.
  • This is Banner Bank’s 1st transaction in the United States.
  • This is Banner Bank’s 1st transaction in Oregon.

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M&A Deal Summary

Date March 9, 2015
Target Siuslaw Financial Group
Sector Financial Services
Buyer(s) Banner Bank
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners (Financial)
Lane Powell (Legal)

Target Company

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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Buyer Overview 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 Context for Buyer #
Overall 1 of 2
Sector: Financial Services 1 of 2
Type: Add-on Acquisition 1 of 1
State: Oregon 1 of 1
Country: United States 1 of 2
Year: 2015 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 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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