Add-on Acquisition • Financial Services

Pacific Continental Acquires Foundation Bancorp

On April 26, 2016, Pacific Continental acquired financial services company Foundation Bancorp for 67M USD

Acquisition Context

This is Pacific Continental’s 3rd transaction in the Financial Services sector.
This is Pacific Continental’s largest (disclosed) transaction.
This is Pacific Continental’s 3rd transaction in the United States.
This is Pacific Continental’s 1st transaction in Ohio.

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M&A Deal Summary
Date	April 26, 2016
Target	Foundation Bancorp
Sector	Financial Services
Buyer(s)	Pacific Continental
Deal Type	Add-on Acquisition
Deal Value	67M USD
Advisor(s)	Keefe, Bruyette & Woods (Financial) Sidley (Legal)

Target Company

Foundation Bancorp

Cincinnati, Ohio, United States

Foundation Bancorp, Inc. is a bank holding company based in Bellevue, Washington, that operates Foundation Bank, a locally owned, full service, state chartered commercial bank. Foundation Bank has been serving the greater Puget Sound region since 2000. Since its founding, Foundation has built its reputation on high-touch relationship banking serving the greater Puget Sound region. Company had $422.4 million in total assets, $299.3 million in gross loans and $367.5 million in total deposits as of March 31, 2016.

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