M&A Deal Summary

People’s Bank of Commerce Acquires Willamette Community Bank

On November 5, 2020, People’s Bank of Commerce acquired financial services company Willamette Community Bank

Acquisition Highlights
  • This is People’s Bank of Commerce’s 2nd transaction in the Financial Services sector.
  • This is People’s Bank of Commerce’s 2nd transaction in the United States.
  • This is People’s Bank of Commerce’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2020-11-05
Target Willamette Community Bank
Sector Financial Services
Buyer(s) People’s Bank of Commerce
Deal Type Merger
Advisor(s) Piper Sandler & Co. (Financial)
Buchalter (Legal)

Target

Willamette Community Bank

Albany, Oregon, United States
Willamette Community Bank is a full-service bank that serves customers from three offices located in Albany, Lebanon, and Salem. Willamette Community Bank was founded in 2003 and is based in Albany, Oregon.

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Buyer(S) 1

Buyer

People’s Bank of Commerce

Ashland, Oregon, United States
Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

People’s Bank of Commerce is a provider of financial services. People’s Bank of Commerce was founded in 1998 and is based in Ashland, Oregon.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Merger) 1 of 1
State (Oregon) 2 of 2
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-25 Capital Associates

Medford, Oregon, United States

Capital Associates, Inc. (dba Steelhead Factoring) is specializing in providing financial services to the trucking industry. Steelhead is a privately held company and has been in business for 36 years serving customers throughout the United States.

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Company

Legal