M&A Deal Summary

Cascade Bancorp Acquires Home Federal Bancorp

On May 19, 2014, Cascade Bancorp acquired financial services company Home Federal Bancorp for 266M USD

Acquisition Highlights
  • This is Cascade Bancorp’s 1st transaction in the Financial Services sector.
  • This is Cascade Bancorp’s largest (disclosed) transaction.
  • This is Cascade Bancorp’s 1st transaction in the United States.
  • This is Cascade Bancorp’s 1st transaction in Idaho.

M&A Deal Summary
Date 2014-05-19
Target Home Federal Bancorp
Sector Financial Services
Buyer(s) Cascade Bancorp
Deal Type Add-on Acquisition
Deal Value 266M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Vorys, Sater, Seymour and Pease (Legal)

Target

Home Federal Bancorp

Nampa, Idaho, United States
Home Federal Bancorp, Inc., a state chartered community bank.

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Buyer(S) 1

Buyer

Cascade Bancorp

Bend, Oregon, United States
Category Company
Founded 1977
Sector Financial Services
Employees513
Revenue 105M USD (2015)
DESCRIPTION

Cascade Bancorp is a community bank in the Pacific Northwest operating under the name of Bank of the Cascades. Cascade offers full-service community banking through over 30 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Idaho) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 Prime Pacific Bank

Lynnwood, Washington, United States

Prime Pacific Bank is a full service community bank that provides a range of retail banking services. Prime has served individuals and small to medium-sized businesses located in the south Snohomish County and northeast King County. Prime Pacific Bank is based in Lynwood, Washington.

Buy $17M
Mergr

Product

Company

Legal