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Financial M&A image Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 12:10 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #39. 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 subsidiaries, Banner Bank and Islanders Bank (the Banks). Banner Bank provides a variety of commercial banking services and financial products to individuals, businesses and public sector entities. Islanders Bank provides similar banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks's primary business is that of banking institutions, accepting deposits and originating loans in locations surrounding its offices in portions of Washington, Oregon, California and Idaho.

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Company Name: 
Banner Corp.
Stock buyback: 
BANR buyback
Website: 
www.bannerbank.com
Sector: 
Banking & Savings
Number of ETFs Holding BANR: 
60
Total Market Value Held by ETFs: 
$480.61M
Total Market Capitalization: 
$2.02B
% of Market Cap. Held by ETFs: 
20.84%
 

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Buy (2.80 out of 4)
8th percentile
(ranked lower than approx. 92% of all stocks covered)

Analysts' Target Price:
BANR Stock Forecast

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