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Banking & Savings M&A image Banking & Savings M&A » By The Online Investor Staff, updated Thu., Mar. 28, 5:11 PM Recent mergers and acquisitions in the Banking & Savings M&A category.

Slide #17. Banner Corporation Idaho Banking Company

Acquirer: Banner Corporation (NASDAQ:BANR)
Acquiree: Idaho Banking Company
Details: Banner Corporation ("Banner") (Nasdaq:BANR), the holding company for Banner Bank and Islanders Bank, and Idaho Bancorp (OTCBB:IDBC), the holding company for Idaho Banking Company, today announced the signing of an agreement pursuant to which Banner will purchase all of the stock and equity interests in Idaho Banking Company and merge it with and into Banner Bank. The combined company will have approximately $4.6 billion in assets and will be the fourth largest Pacific Northwest headquartered commercial bank as ranked by assets.

Banner is a bank holding company. Co. is primarily engaged in the business of planning, directing and coordinating the business activities of its wholly-owned subsidiary, Banner Bank (the Bank). The Bank is a regional bank which provides a variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. The Bank's primary business is that of banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. The Bank is also an active participant in secondary loan markets, engaging in mortgage banking operations.

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Company Name: 
Banner Corp.
Stock buyback: 
BANR buyback
Website: 
www.bannerbank.com
Sector: 
Banking & Savings
Number of ETFs Holding BANR: 
52
Total Market Value Held by ETFs: 
$415.19M
Total Market Capitalization: 
$1.55B
% of Market Cap. Held by ETFs: 
26.75%
 

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Buy (3.17 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)

Analysts' Target Price:
BANR Stock Forecast

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