Bank of Eastern Oregon acquires four Umpqua Bank branches

Bank of Eastern Oregon, a subsidiary of BEO Bancorp, announced that they have entered into a definitive agreement to acquire Umpqua Bank branches in Colfax, Dayton, LaCrosse and Pomeroy.

Jeff Bailey, President and CEO for Bank of Eastern Oregon, said the bank’s expansion into Washington began nearly five years ago when they acquired Bank Reale in Pasco.

“We see the addition of these Umpqua branches as a natural progression of expanding our brand of banking to rural communities in eastern Washington,” Bailey said.

The transaction is expected to close during first quarter 2019 following final re...