Banner Corporation (NASDAQ: BANR) announced it has agreed to acquire Skagit Bancorp, Inc. in a transaction valued at approximately $191.1 million. D.A. Davidson & Co. acted as exclusive financial advisor to Banner Corporation in this transaction.
This is the 106th publicly announced M&A advisory transaction for the D.A. Davidson & Co. Financial Institutions Group since 2011.
Full details of the transaction can be found here.