M&A Deal Summary |
|
|---|---|
| Date | 2022-11-07 |
| Target | Columbia Banking System - Seven Branches in Washington and Oregon |
| Sector | Financial Services |
| Buyer(s) | 1st Security Bank |
| Sellers(s) | Columbia Bank |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1936 |
| Sector | Financial Services |
| Employees | 405 |
| Revenue | 120M USD (2022) |
1st Security Bank is the holding company for 1st Security Bank, which provides loan and deposit services primarily to small and middle-market businesses and individuals in Western Washington through its 21 bank branches and eight loan production offices in various suburban communities in Western Washington, and one loan production office in the market area of the Tri-Cities, Washington. 1st Security services home mortgage customers throughout Washington State with an emphasis in Western Washington and Tri-Cities home lending markets. 1st Security Bank was incorporated in 1936 and is based in Mountlake Terrace, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Oregon) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-16 |
Anchor Bancorp.
Lacey, Washington, United States Anchor Bancorp. is a provider of financial services through it operating company Anchor Bank. Anchor Bancorp. was founded in 1981 and is based in Lacey, Washington. |
Buy | $31M |
| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Financial Services |
| Employees | 2,260 |
| Revenue | 622M USD (2021) |
Columbia Bank is a bank holding company whose wholly owned banking subsidiary is Columbia State Bank. Columbia State Bank provides a full range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. Columbia Bank was incorporated in 1993 and is based in Tacoma, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Oregon) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-07 |
First Northern Bank - Three Branches
California, United States First Northern Bank's Three Branches provides financial services approximately $128 million of total deposits and approximately $4 million of total loans based in Northern California. |
Buy | - |
