Oregon Bancorp surges on buyout deal with Gesa Credit Union
ORBN•Deal expands Gesa's Oregon presence
Buying ORBN will give the credit union its first retail branches in Oregon in its 73-year history.
The transaction is expected to be completed in the first half of 2027.
Up to last close, ORBN stock had risen 3.4% year to date.
Shares jump on all-cash acquisition
Salem-based Oregon Bancorp's ORBN.PK shares jump 52.4% to $41.15.
Gesa Credit Union will buy ORBN in an all-cash deal that is expected to fetch the community bank's shareholders an estimated $43 to $45 per share.
