FS Bancorp (FSBW) announced that 1st Security Bank has completed the previously announced purchase and assumption of seven branch locations, two in Washington and five in Oregon, from Columbia State Bank, a subsidiary of Columbia Banking System (COLB). In connection with the purchase, 1st Security Bank assumed approximately $431 million in deposit liabilities and acquired approximately $67 million in loans.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on FSBW:
- 1st Security Bank Completes its Previously Announced Acquisition of Seven Branch Locations in Washington and Oregon
- FS Bancorp, Inc. Reports $29.6 Million of Net Income or $3.70 Per Diluted Share for 2022 and the Fortieth Consecutive Quarterly Dividend including a 25% Dividend Increase to $0.25 Per Share
- FS Bancorp reports Q4 EPS 97c, consensus $1.11
- FS Bancorp announces receipt of fegulatory approvals to Buy branches
- 1st Security Bank Announces Receipt of Regulatory Approvals to Buy Seven Washington and Oregon Branches From Columbia State Bank