Columbia Banking System (COLB), Prosperity Bancshares (PB), Crescent Financial Bancshares (CRFN) and Bell State Bank & Trust completed acquisitions Monday.
Columbia, in Tacoma, Wash., completed its $506 million cash-and-stock purchase of West Coast Bancorp in Lake Oswego, Ore. It pushes Columbia's asset base to $7 billion and gives it 157 branches in Washington and Oregon. The
Prosperity, in Houston, completed its
Russell Swarts, Coppermark's chairman, becomes senior chairman of the central Oklahoma region for the combined company, and Coppermark President Thomas Legan becomes chairman of the central Oklahoma region, with responsibility for daily operations.
Crescent, in Raleigh, N.C., completed its deal for ECB Bancshares in Engelhard, N.C. The combined company has $2 billion of assets, $1.7 billion in deposits and 45 branches, it said Monday. The East Carolina Bank, ECB's subsidiary, will begin operating as VantageSouth Bank, Crescent's banking unit, by the end of the month.
Crescent
Bell State, in Fargo, N.D., closed its deal for the Business Bank in Minneapolis. The two privately held companies announced their
The combined company has $2.6 billion in assets and 18 branches in North Dakota, Idaho, Minnesota and Arizona.