M&A Deal Summary

Banner Bank Acquires Oregon Business Bank

On January 1, 2002, Banner Bank acquired financial services company Oregon Business Bank for 10M USD

Acquisition Highlights
  • This is Banner Bank’s 4th transaction in the Financial Services sector.
  • This is Banner Bank’s 7th largest (disclosed) transaction.
  • This is Banner Bank’s 4th transaction in the United States.
  • This is Banner Bank’s 1st transaction in Oregon.

M&A Deal Summary

Date 2002-01-01
Target Oregon Business Bank
Sector Financial Services
Buyer(s) Banner Bank
Deal Type Add-on Acquisition
Deal Value 10M USD
Advisor(s) D.A. Davidson & Co. (Financial)
Foster Garvey (Legal)

Target

Oregon Business Bank

Lake Oswego, Oregon, United States
Oregon Business Bank, provides a full range of personal and commercial banking services.

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Buyer(S) 1

Buyer

Banner Bank

Walla Walla, Washington, United States

Category Company
Sector Financial Services
DESCRIPTION

Banner Bank, a state chartered commercial bank, provides personal and community banking solutions.


DEAL STATS #
Overall 4 of 7
Sector (Financial Services) 4 of 7
Type (Add-on Acquisition) 4 of 7
State (Oregon) 1 of 1
Country (United States) 4 of 7
Year (2002) 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Seaport Citizens Bank

Lewiston, Idaho, United States

Seaport Citizens Bank, is a state chartered commercial bank. It provides financial services in the Lewis and Clark Valley through two full service branches in Lewiston.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 San Juan Financial Holding

Friday Harbor, Washington, United States

San Juan Financial Holding Co., is a financial service company.

Buy $42M