Washingtonbased bank to acquire Salem’s Willamette Valley Bank
Aug 13, 2026
Washington-based Gesa Credit Union, with parent company Oregon Bancorp, will acquire Salem’s Willamette Valley Bank.
Gesa will acquire nearly all of the Salem bank’s assets and liabilities in an all-cash transaction. The Salem-based bank has roughly $465 million in assets, according to a pr
ess release from the two banks in July.
The transaction is expected to be complete in early to mid-2027. The boards of Oregon Bancorp, Gesa and Willamette Valley Bank approved the transaction,…Continue reading — subscribe to unlock the full article. ...read more read less