M&A Deal Summary

Umpqua Bank Acquires Linn-Benton Bank

On December 28, 2001, Umpqua Bank acquired financial services company Linn-Benton Bank for 20M USD

Acquisition Highlights
  • This is Umpqua Bank’s 2nd transaction in the Financial Services sector.
  • This is Umpqua Bank’s 10th largest (disclosed) transaction.
  • This is Umpqua Bank’s 2nd transaction in the United States.

M&A Deal Summary

Date 2001-12-28
Target Linn-Benton Bank
Sector Financial Services
Buyer(s) Umpqua Bank
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) D.A. Davidson (Financial)
Graham & Dunn PC (Legal)

Target

Linn-Benton Bank

United States
Linn-Benton Bank is a provider of banking services with five Oregon branches in Albany, Corvallis, Lebanon, Sweet Home, and Tangent.

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Buyer(S) 1

Buyer

Umpqua Bank

Portland, Oregon, United States

Category Company
Founded 1953
Sector Financial Services
Employees3,410
Revenue 1.3B USD (2022)
DESCRIPTION

Umpqua Holdings operates as the holding company for Umpqua Bank and Umpqua Investments, Inc. which provide commercial and retail banking, and brokerage services to corporate, institutional, and individual customers in the United States. Umpqua Bank was founded in 1953 and is based in Portland, Oregon.


DEAL STATS #
Overall 2 of 10
Sector: Financial Services M&A 2 of 10
Type: Add-on Acquisition M&A Deals 2 of 10
Country: United States M&A 2 of 10
Year: 2001 M&A 1 of 2
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-12 VRB Bancorp

Rogue River, Oregon, United States

VRB Bancorp offered general banking business activities, including commercial, real estate, installment, and mortgage loans.

Buy $56M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-31 Independent Financial Network

Coos Bay, Oregon, United States

Independent Financial Network functions of a commercial bank: commercial, real estate, and installment loans; equipment leasing; checking and savings accounts; collection, and escrow services, and safe deposit facilities.

Buy $58M