Gesa Credit Union to acquire Oregon Bancorp’s Willamette Valley Bank in all-cash deal

Gesa Credit Union agreed to buy substantially all assets of Willamette Valley Bank from Oregon Bancorp in an all-cash deal.

Closing is expected in the first half of 2027, and Willamette Valley Bank and Oregon Bancorp are set to dissolve after the transaction closes.

Oregon Bancorp shareholders are expected to receive $43 to $45 per share from remaining assets distributed following completion.

The deal would give Gesa its first retail branches in Oregon. Willamette Valley Bank’s four branches and one loan office are expected to remain open.