Seattle-based Washington Federal plans to buy Klamath Falls-based South Valley Bancorp.
Seattle-based Washington Federal plans to buy Klamath Falls-based South Valley Bancorp.
The proposed deal would give Washington Federal, a thrift specializing in home mortgages and certificates of deposits, a substantially greater presence in southern Oregon and Bend. After the deal closes, it will have about $2.1 billion of deposits in Oregon, or 3.61 percent of the market, based on June 2011 figures.
After the merger, it would have 190 locations in eight states, about $14.4 billion in assets and $9.6 billion in deposits, based on year-end 2011 financial results.
Read more at KTVZ.
{biztweet}south valley washington federal{/biztweet}
