Gesa Credit Union to acquire Willamette Valley Bank in first Oregon push
A cross-state deal puts Gesa Credit Union on a path into Oregon for the first time. The Richland, Washington-based credit union and Salem-based Willamette Valley Bank disclosed a definitive acquisition agreement on July 21, 2026, with Oregon Bancorp, Inc., Willamette Valley Bank's parent company, party to the arrangement as well. Regulatory approvals are the next gate before the acquisition can close.
Key takeaways
- Gesa Credit Union, based in Richland, Washington, has entered a definitive agreement to acquire Salem-based Willamette Valley Bank, disclosed on July 21, 2026.
- The acquisition would mark Gesa Credit Union's first branch presence in Oregon.
- Oregon Bancorp, Inc., Willamette Valley Bank's parent company, is a formal party to the agreement.
- The announcement did not include a purchase price, deposit totals, or a target closing date.
- The deal still requires approval from state and federal banking regulators before it can close.
A cross-state deal puts Gesa Credit Union on a path into Oregon for the first time. The Richland, Washington-based credit union and Salem-based Willamette Valley Bank disclosed a definitive acquisition agreement on July 21, 2026, with Oregon Bancorp, Inc., Willamette Valley Bank's parent company, party to the arrangement as well. Regulatory approvals are the next gate before the acquisition can close.
Oregon market entry
Gesa Credit Union is headquartered in Richland, Washington. Willamette Valley Bank operates from Salem, Oregon's capital. The acquisition would give Gesa its first branch presence in Oregon. Oregon Bancorp, Inc. is named as the bank's parent company and a formal party to the agreement.
Terms in focus
The July 21 announcement does not include a purchase price, deposit totals, or a target closing date. Acquisition terms for deals of this structure typically appear in regulatory filings that follow a definitive agreement. None of those details are in the public record yet.
What to watch
Approval from state and federal banking regulators will govern the timeline. The definitive agreement has been signed. The outstanding question is how long the regulatory process runs. Filings with banking regulators in both states will carry the terms and conditions the tape is waiting on.
Related reading
Filed by the macro desk of MarketPR on July 22, 2026. Source: MarketPR. Indicative figures are not investment advice.