Gesa Credit Union in Washington to acquire Willamette Valley Bank in Oregon
Gesa Credit Union based in Richland, Wash., said on July 21 it is acquiring the Willamette Valley Bank and its parent company, Oregon Bancorp, Inc. Under the agreement, Gesa would acquire substantially all of Willamette Valley Bank’s assets and assume substantially all its liabilities, in an all-cash transaction. Shareholders are expected to receive an estimated $43.00 to $45.00 per share. Gesa Credit Union first opened in 1953. It is one of Washington’s largest credit unions...
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