Gesa Credit Union and Willamette Valley Bank Announce Acquisition Agreement
PR Newswire
RICHLAND, Wash. and SALEM, Ore., July 21, 2026
Gesa would acquire the Salem-based bank, establishing its first branches in Oregon.RICHLAND, Wash. and SALEM, Ore., July 21, 2026 /PRNewswire/ -- Gesa Credit Union and Willamette Valley Bank, together with the bank's parent company, Oregon Bancorp, Inc., today announced a definitive agreement for Gesa to acquire the Salem-based community bank, bringing two community-first institutions together to do more for the Willamette Valley than either could alone. Under the agreement, Gesa would acquire substantially all of Willamette Valley Bank's assets and assume substantially all of its liabilities, in an all-cash transaction. The transaction was unanimously approved by the boards of directors of Gesa Credit Union, Willamette Valley Bank, and Oregon Bancorp, Inc. The acquisition is subject to regulatory approval and approval of the Oregon Bancorp, Inc. shareholders. The transaction is expected to be completed in the first half of 2027. Following the completion of the transaction, Willamette Valley Bank and Oregon Bancorp, Inc. will dissolve and the remaining assets will be distributed to the stockholders of Oregon Bancorp, Inc. Subject to the terms of the agreement, shareholders are expected to receive an estimated $43.00 to $45.00 per share.
