Acquiring Company
Gesa Credit Union
Acquired Company
Willamette Valley Bank
RichlandSalemEnergyFinancial ServicesRenewable EnergyLendingNon ProfitBiomass EnergyFinancial ServicesFinanceLendingBankingDescription
Gesa Credit Union has announced plans to acquire Willamette Valley Bank, marking its entry into the Oregon market. The deal, which involves an all-cash transaction, aims to enhance service for members and expand Gesa's footprint. The acquisition is expected to close in the first half of 2027, subject to regulatory and shareholder approvals. This strategic move aligns with Gesa's long-term goals of improving access to financial services and expanding its branch network.
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Based on deal dataFrequently asked
Who acquired Willamette Valley Bank?
Willamette Valley Bank was acquired by Gesa Credit Union, based in Richland. The deal was reported on August 13, 2026. Gesa Credit Union is a community-focused credit union headquartered in Richland, Washington. It is one of Washington's largest credit unions, with over $5.5 billion in assets. Gesa Credit Union is privately held and operates in Energy.
When did Gesa Credit Union acquire Willamette Valley Bank?
Gesa Credit Union's acquisition of Willamette Valley Bank was reported on August 13, 2026. Gesa Credit Union has announced plans to acquire Willamette Valley Bank, marking its entry into the Oregon market. The deal, which involves an all-cash transaction, aims to enhance service for members and expand Gesa's footprint. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Willamette Valley Bank do?
Willamette Valley Bank is a financial institution built on trust, serving the local communities of Linn and Marion counties for over twenty years. It is privately held, operating in Financial Services, and is based in Salem.