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The $4.8 billion-asset HomeStreet said in a press release Monday that it will pay $49.8 million in stock, or $11.70 a share, and $5.5 million in cash for the $200 million-asset Orange County Business Bank.
September 28 -
Late Wednesday, Banner Corp. in Walla Walla, Wash., announced it would acquire AmericanWest Bank in a $702 million stock-and-cash deal.
November 5 -
Northwest Bancorp. in Spokane has raised $20 million from a private placement of common stock. Northwest plans to use some of the proceeds to complete its acquisition of Fairfield Financial Holdings, which was announced in late June.
August 31
HomeStreet in Seattle has bought a branch in Dayton, Wash., from Banner Corp. in Walla Walla, Wash.
The $5 billion-asset HomeStreet did not disclose the price it paid. The sale closed on Tuesday, according to a news release.
The branch had been owned by AmericanWest Bank. The $5.3 billion-asset Banner sold the branch after closing its October acquisition of Starbuck Bancshares, AmericanWest's parent company.
HomeStreet also picked up $25.7 million in deposits and $4.6 million in loans associated with the branch. The purchase increases HomeStreet's total branch count to 44 in Washington, Oregon, California and Hawaii.
