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Banner Corp. (BANR) in Walla Walla, Wash., has agreed to buy six branches in Oregon from Sterling Financial (STSA) in Spokane, Wash.
February 19 -
Buyers used to win banks in pricey, unpredictable auctions. Now they have to be friendly masters of the negotiating table.
February 14 -
Umpqua Holdings and Sterling Financial are paying Banner $7 million to take the branches. Though negative bids are uncommon in healthy bank deals, it seems like a small price to get regulators to bless a $2 billion merger.
February 20 -
Cascade Bancorp (CACB) in Bend, Ore., has outbid another company to snag Home Federal (HOME) in Nampa, Idaho.
October 23
Banner Bank in Walla Walla, Wash., has entered into a business partnership with wealth management firm Coldstream Capital Management in Bellevue, Wash.
The $4.4 billion-asset bank will refer high-net-worth clients to Coldstream for advisory services, according to the companies' joint Tuesday press release.
"Coldstream will be devoted to serving Banner's clients with the same attention to their individual needs and aspirations as we devote to building long-lasting client relationships," Banner Bank President and Chief Executive Mark Grescovich said in the release.
Banner, a subsidiary of Banner Corp. (BANR), has 85 branches in Washington, Oregon and Idaho. The company
Banner's plan to pay $197 million for Home Federal (HOME) in Nampa, Idaho,
