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  6. Gesa Credit Union Acquires Security State Bank

M&A Deal Summary

Gesa Credit Union Acquires Security State Bank

On May 23, 2024, Gesa Credit Union acquired financial services company Security State Bank

Acquisition Highlights
  • This is Gesa Credit Union’s 1st transaction in the Financial Services sector.
  • This is Gesa Credit Union’s 1st transaction in the United States.
  • This is Gesa Credit Union’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-05-23
Target Security State Bank
Sector Financial Services
Buyer(s) Gesa Credit Union
Deal Type Add-on Acquisition
Advisor(s) Commerce Street Capital (Financial)
Paine Hamblen (Legal)

Target

Security State Bank

Centralia, Washington, United States
Security State Bank is a chartered commercial bank comprising approximately 600 million dollars in assets and 12 branches serving the communities of Centralia, Chehalis, Morton, Rochester, Pe Ell, Raymond, South Bend, and Grayland. Security State Bank is based in Centralia, Washington.

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Buyer(S) 1

Buyer

Gesa Credit Union

Richland, Washington, United States
Category Company
Sector Financial Services
DESCRIPTION

Gesa Credit Union is a full-service financial institution that offers a complete array of consumer, mortgage, and business products and services. Gesa Credit Union is headquartered in Richland, Washington.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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