Orca Capital in Portland are the latest purchases in the company’s recent expansion.
Seattle-based independent middle market mergers & acquisitions advisory firm Meridian Capital announced Monday that it has acquired Orca Capital bank in Portland.
Randy Moe, president of Orca Capital, will assume the title of managing director at Meridian and remain based in Portland.
“We are excited to continue our growth trajectory by partnering with Randy Moe and Orca Capital. Randy brings multi-decades of experience in investment banking and M&A advisory. Randy and his team have an exceptional reputation and track record of prioritizing and achieving client goals across $12 billion of transactions,” Brian Murphy, president and managing director at Meridian Capital said in a press release announcing the expansion.
The announcement comes two months after Meridian announced the opening of its Salt Lake City office and 20 months after its acquisition of the Seattle division of Moss Adams Capital.
“Finding a partner like Meridian Capital is a great opportunity to build a premier investment banking platform and expand our reach in the Western U.S. The additional scale and industry coverage we can provide existing and future clients is truly exceptional,” Moe said in the company’s release.
The acquisition is also part of a continued trend of mergers and acquisitions in middle market banking.
In December of 2021, Tacoma-based Columbia Banking System Inc. purchased Portland-based Umpqua Holdings Corporation. In March of last year, Medford-based People’s Bank of Commerce completed its merger with Albany-based Willamette Community Bank for a combined total assets of $742 million.
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