MarketPR

Gesa Credit Union to acquire Willamette Valley Bank in first Oregon push

7/22/2026

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. is named as the bank's parent company and a formal party to the agreement.