M&A Deal Summary

WaFd Bank Acquires South Valley Bancorp

On April 4, 2012, WaFd Bank acquired financial services company South Valley Bancorp for 34M USD

Acquisition Highlights
  • This is WaFd Bank’s 4th transaction in the Financial Services sector.
  • This is WaFd Bank’s 3rd largest (disclosed) transaction.
  • This is WaFd Bank’s 4th transaction in the United States.
  • This is WaFd Bank’s 1st transaction in Oregon.

M&A Deal Summary
Date 2012-04-04
Target South Valley Bancorp
Sector Financial Services
Buyer(s) WaFd Bank
Deal Type Add-on Acquisition
Deal Value 34M USD
Advisor(s) D.A. Davidson & Co. (Financial)

Target

South Valley Bancorp

Klamath Falls, Oregon, United States
South Valley operates 24 full service branches, had total assets of $868 million, total deposits of $771 million and total stockholders’ equity of $69 million as of December 31, 2011.

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Buyer(S) 1

Buyer

WaFd Bank

Seattle, Washington, United States
Category Company
Founded 1917
Sector Financial Services
Employees2,204
Revenue 743M USD (2023)
DESCRIPTION

WaFd Bank is a financial services provider. It operates in eight western states, including Washington, Arizona, Idaho, Nevada, Oregon, Texas, Utah, and New Mexico. WaFd Bank was founded in 1917 and is based in Seattle, Washington.

DEAL STATS #
Overall 4 of 8
Sector (Financial Services) 4 of 7
Type (Add-on Acquisition) 3 of 4
State (Oregon) 1 of 1
Country (United States) 4 of 8
Year (2012) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Western National Bank - Loans and Deposits

United States

Western National Bank - Loans and Deposits

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 Bank of America - 23 Retail Branches

United States

Bank of America - 23 Retail Branches in Arizona and Nevada.

Buy -
Mergr

Product

Company

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