Oregon Coast Bank is acquiring Connect Community Bank and its branches located in Raymond and Long Beach, Wash.
The acquisition will add approximately $70 million in assets, including $60 million in loans. Further, it will extend Oregon Coast Bank’s footprint to the Southwest Washington coast.
“At Oregon Coast Bank, our mission has always been to provide common sense, relationship driven banking focused on the unique needs of our coastal communities,” Oregon Coast Bank CEO Lance Nunn said. “Bringing Raymond and Long Beach into the Oregon Coast Bank family is a strategic step that reinforces our long-term independence and strengthens our ability to support the coastal people, businesses, and communities we were founded to serve.”
Connect Community Bank was founded more than a century ago. Connect Community Bank has built a strong legacy of consumer banking and portfolio mortgage lending on the Southwest Washington coast. Oregon Coast Bank, established in 2002, will continue that legacy, including portfolio mortgage lending, while expanding services in the region.
“As we considered the future of Connect Community Bank, our priority was finding a partner that not only shared our values, culture, and deep commitment to Pacific County but also would provide expanded commercial offerings to the community. Oregon Coast Bank’s community focused approach and its track record of supporting coastal economies make it the right fit for our customers, employees, and the legacy we’ve built over more than a century,” Connect Community Bank CEO B. Nichoel Casey said.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including regulatory approval. Customers of both Oregon Coast Bank and Connect Community Bank should not experience any disruption in banking services.