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Bank Of Idaho To Purchase Five Branches From Homestreet Bank, Expand Service Into Eastern Washington

RECENTLY ACQUIREDMay 11, 2022

Acquiring Company

Bank of Idaho

Acquired Company

Five Branches

Idaho FallsOtherFinancial ServicesSoftwareMobileFinanceLendingBanking

Description

Bank of Idaho Holding Co. (OTCQX: BOID) (“BOID”), the holding company for Bank of Idaho, together with HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet”), the parent company of HomeStreet Bank, today announced that HomeStreet Bank and Bank of Idaho have executed a definitive agreement under which Bank of Idaho will acquire from HomeStreet Bank an Eastern Washington branch network, including the branches’ lending business and employees.

Quick answer

Bank of Idaho is acquiring Five Branches, announced May 11, 2022. Bank of Idaho is based in Idaho Falls, Idaho, United States.

How much did Bank of Idaho pay for Five Branches?
The deal value was not disclosed.
What does Bank of Idaho do?
Bank of Idaho is a regional bank that offers a variety of financial services to individuals and businesses in Idaho.
Where are Bank of Idaho and Five Branches based?
Bank of Idaho is based in Idaho Falls, Idaho, United States.

Source: Fundz verified event record.

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Company Information

Company

Bank of Idaho

Location

Idaho Falls, Idaho, United States

About

Bank of Idaho is a regional bank that offers a variety of financial services to individuals and businesses in Idaho. Known for its customer-focused approach, the bank plays a significant role in the local economy by supporting community development.

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Frequently asked

Who acquired Five Branches?

Five Branches was acquired by Bank of Idaho, based in Idaho Falls. The deal was reported on May 11, 2022. Bank of Idaho is a regional bank that offers a variety of financial services to individuals and businesses in Idaho. Bank of Idaho is privately held and operates in Other.

When did Bank of Idaho acquire Five Branches?

Bank of Idaho's acquisition of Five Branches was reported on May 11, 2022. Bank of Idaho Holding Co. (OTCQX: BOID) (“BOID”), the holding company for Bank of Idaho, together with HomeStreet, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Five Branches do?

Five Branches is a traditional Chinese Medicine, TCM, and acupuncture school located in California since 1984. It is privately held.

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