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  6. Banner Bank Acquires Seaport Citizens Bank

M&A Deal Summary

Banner Bank Acquires Seaport Citizens Bank

On April 1, 1999, Banner Bank acquired financial services company Seaport Citizens Bank for 10M USD

Acquisition Highlights
  • This is Banner Bank’s 3rd transaction in the Financial Services sector.
  • This is Banner Bank’s 6th largest (disclosed) transaction.
  • This is Banner Bank’s 3rd transaction in the United States.
  • This is Banner Bank’s 1st transaction in Idaho.

M&A Deal Summary
Date 1999-04-01
Target Seaport Citizens Bank
Sector Financial Services
Buyer(s) Banner Bank
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

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.

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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 3 of 7
Sector: Financial Services M&A 3 of 7
Type: Add-on Acquisition M&A Deals 3 of 7
State: Idaho M&A 1 of 1
Country: United States M&A 3 of 7
Year: 1999 M&A 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-01 Towne Bancorp

Woodinville, Washington, United States

Towne Bancorp, Inc. provides a full range of banking services.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Oregon Business Bank

Lake Oswego, Oregon, United States

Oregon Business Bank, provides a full range of personal and commercial banking services.

Buy $10M
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