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Deal Overview

Buyer:
Spokane Teachers Credit Union
Actual Acquirer:
Spokane Teachers Credit Union
Target:
4 branches
Deal Type:
Bank & Thrift Branch
Seller:
Umpqua Holdings Corporation
Agreement Date:
9/11/2020
Announcement Date:
9/11/2020
Number of Target Branches
4
Branch Locations
Coulee City
WA
Moses Lake
WA
Othello
WA
Ritzville
WA
Franchise Premium ($ 000)
NA
Tangible Book Premium/ Deposits (%)
NA
Status:
Pending
Completion Date:
NA

Deal Terms
Description of Consideration

Spokane Teachers CU will assume branch related deposits from Umpqua Holdings Corp.

Financials
Deposits ($ 000) 161,778
Total Assets ($ 000) NA