Copyright © 2012, Portland Business Journal West Coast Bancorp on Wednesday said it will be acquired by Columbia Banking System in a deal valued at $506 million. Lake Oswego-based West Coast Bancorp (NASDAQ: WCBO), parent of West Coast Bank and West Coast Trust Co., operates 58 branches in Oregon and Washington. It has $2.4 billion in assets. Columbia Banking System CONTINUE READING >>
SANDPOINT, Idaho–(GLOBE NEWSWIRE)–Intermountain Community Bancorp (OTCBB:IMCB) today announced that the Company will implement effective as of the close of business on October 5, 2012, a 1-for-10 reverse stock split of Intermountain’s common stock (both voting and nonvoting) that was approved by the shareholders at the Company’s Annual Meeting on May 17, 2012. As fixed by the Board of Directors, shareholders CONTINUE READING >>
Copyright © 2012, Washington Business Journal By Bryant Ruiz Switzky WashingtonFirst Bankshares Inc. has raised $25 million in a private offering and plans to file initial public offering papers with federal regulators Aug. 10 in preparation for its purchase of Alliance Bankshares Inc. Unlike last year’s deal between Chantilly-based Alliance and Bethesda-based Eagle Bancorp Inc., where the banks walked away CONTINUE READING >>
Guaranty Bank and Trust Announces the Completion of Asset Purchase Agreement with Private Capital Management, Inc.
DENVER, CO–(Marketwired)–Guaranty Bank and Trust Company, a Colorado-based community bank and wholly-owned subsidiary of Guaranty Bancorp (GBNK), today announced that it has completed the previously announced asset purchase agreement with privately held Private Capital Management, Inc. Private Capital Management is now a division of Guaranty Bank and Trust’s Wealth Management Group. Founded by industry veteran, Thomas E. Meade, Private Capital CONTINUE READING >>