Published • loading... • Updated
Gesa Credit Union and Willamette Valley Bank Announce Acquisition Agreement
The all-cash deal would give Gesa its first retail branches in Oregon and is expected to close in the first half of 2027, officials said.
- On Tuesday, Gesa Credit Union and Oregon Bancorp, Inc. announced a definitive agreement for Gesa to acquire Salem-based Willamette Valley Bank in an all-cash transaction, subject to regulatory approval and shareholder consent.
- Gesa has operated on community-first principles since 1953, while Willamette Valley Bank earned regional trust since opening in 2000; both organizations share deep commitment to serving customers and supporting local communities.
- Willamette Valley Bank holds approximately $465 million in assets and $358 million in deposits across four branches in Linn and Marion counties, while Gesa operates approximately $6.8 billion in assets serving over 322,000 members across the Pacific Northwest.
- Until closing, both organizations will operate independently with no immediate changes for customers or members; Willamette Valley Bank's branches will remain staffed by existing teams, and customers would become Gesa member-owners.
- The acquisition marks Gesa's first retail expansion into Oregon in its 73-year history, expected to close in the first half of 2027; Gesa's community foundation invested $5.8 million across the Pacific Northwest last year reaching more than 14,000 people through financial education.
Insights by Ground AI
24 Articles
24 Articles
Coverage Details
Total News Sources24
Leaning Left1Leaning Right1Center19Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
Factuality
To view factuality data please Upgrade to Premium
