Oregon

Northwest Community CU in Springfield, Ore., has completed its previously announced acquisition of Fred Meyer Employees FCU in Portland, Ore.

Thomas H. Lee Partners and Warburg Pincus are selling the rest of their stock in Umpqua Holdings in Portland, Ore.

Profits at Umpqua Holdings in Portland, Ore., rose in the third quarter, on gains from its recent acquisition of Sterling Financial.

BEO Bancorp in Heppner, Ore., has agreed to buy Bank Reale, in Pasco, Wash. A purchase price for the cash-and-stock deal was not disclosed. The transaction is expected to close in the first quarter.

Albina Community Bancorp in Portland, Ore., has filed for bankruptcy.

Albina Community Bancorp is one of few lenders to recapitalize and sell its bank despite an overhang of trust-preferred debt at the parent company. Still, an investor is threatening to force involuntary bankruptcy — a sign of just how tough it is for banks to escape the trust-preferred trap.

BEAVERTON, Ore. — From coast to coast, credit union and state league executives hailed the selection of Jim Nussle as the new leader of CUNA — with two people independently using the word "excellent" to describe the hire.

Columbia Commercial Bancorp in Hillsboro, Ore., has changed its name to Premier Commercial Bancorp.

Costs associated with its recent acquisition pushed Cascade Bancorp, in Bend, Ore., into the red in the second quarter.

Banner Corp. in Walla Walla, Wash., has agreed to buy Siuslaw Financial Group in Florence, Ore.

Credit union executives are celebrating the movement reaching the 100 million-member milestone — but what does it really mean for the industry?

The private-equity firms Warburg Pincus and Thomas H. Lee Partners are selling roughly a third of their combined stake in Umpqua Holdings of Portland, Ore.

U.S. Bancorp automated teller machines are now accepting donations to help the American Red Cross with its disaster relief efforts in Washington and Oregon.

Banner in Walla Walla, Wash., reported a big increase in second-quarter earnings thanks to its recent branch acquisitions in Oregon.

Pacific Continental in Eugene, Ore., is set to have its first new chief executive in a dozen years.

Umpqua Holdings' second-quarter profit surpassed Wall Street expectations, which exclude costs tied to the Portland, Ore., company’s purchase of Sterling Financial.

MOUNTAIN VIEW, Calif. — At $6.8 billion in assets, First Technology FCU is the 10th largest credit union in the nation — and it enjoys the unique perspective of serving members in two of the hottest markets: Silicon Valley in Northern California and Lane County, Oregon.

Umpqua Holdings (UMPQ) in Portland, Ore., will close 27 branches by the end of this year as part of its integration of Sterling Financial in Spokane, Wash.

The Oregon company is hopeful it will enjoy significant stock appreciation once investors realize the value of its acquisition of Home Federal in Idaho. Management hopes other potential sellers agree.

People's Bank of Commerce (PBCO) in Medford, Ore., has restated its full-year 2013 and first-quarter earnings to reflect higher profits after correcting its reporting on foreclosed properties.