Sound Credit Union Acquires Washington Business Bank

TwinStar Credit Union Merges with Northwest Community Credit Union

August 20, 2024

Financial Services

TwinStar Credit Union and Northwest Community Credit Union completed a merger to scale operations and expand member services across Washington and Oregon, creating a combined organization serving over 250,000 members with $4.3 billion in assets and 36 locations. Jack Henry will continue to provide core technology and support to the merged credit union to enable ongoing innovation and operational efficiency.

Gesa Credit Union to Acquire Security State Bank

May 23, 2024

Financial Services

Gesa Credit Union has entered into a definitive agreement to acquire and assume substantially all assets and liabilities of Security State Bank (a subsidiary of Security State Corporation). The deal, which is subject to regulatory and shareholder approvals and expected to close in 2025, will transfer Security State Bank's 12 branches in Lewis, Thurston, Pacific and Grays Harbor counties to Gesa as part of its Pacific Northwest expansion.

Pacific Western Bank Acquires Civic Financial Services from Wedgewood

February 2, 2021

Financial Services

Pacific Western Bank (PacWest Bancorp) has purchased Civic Financial Services, a Redondo Beach-based institutional private lender, from Wedgewood, LLC. Civic will operate as a wholly owned subsidiary with William J. Tessar remaining as President; financial terms were not disclosed.

Heritage Financial Completes Acquisition of Olympic Bancorp (Kitsap Bank)

January 31, 2026

Financial Services

Heritage Financial Corporation completed its acquisition of Olympic Bancorp, Inc., effective January 31, 2026, merging Olympic into Heritage and Kitsap Bank into Heritage Bank. Under the merger, Heritage issued an aggregate 7,167,600 shares of common stock and Olympic shareholders will receive 45.0 shares of Heritage common stock per Olympic share (with cash for fractional shares); acquired Kitsap Bank branches will continue operating under the Kitsap Bank name.

Beacon Credit Union Acquires Mid-Southern Savings Bank, FSB

January 26, 2024

Financial Services

Beacon Credit Union (BCU) entered a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Mid-Southern Savings Bank, FSB (MSB). The deal — BCU's first community bank acquisition — expands Beacon's footprint in southern Indiana; it is subject to MSB shareholder and regulatory approvals and is expected to close in Q3 or Q4 2024. MSB leadership will transition into roles at BCU and BCU intends to keep MSB branches and loan production offices open following completion.

Fleet Feet Acquires South Sound Running Stores

December 26, 2024

Retail

Fleet Feet has acquired South Sound Running's two retail locations in Olympia and Puyallup, which will re-open as Fleet Feet Olympia and Fleet Feet Puyallup in early 2025. Local Fleet Feet franchisees Wade and Julie Pannell — who operate six other Washington stores — will operate the locations following the retirement sale by founders Greg Klein and Joan Marchioro.