Washington

With the acquisition Timberland would add $187 million in assets in the Puget Sound area.

An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator.

The Renton, Wash., company, which has acquired or opened nine branches since 2015, has filed a shelf registration to raise the funds through the sale of various securities.

The northern Virginia company will also gain more branches around Washington as part of the $33 million deal.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

The Seattle bank's improved loan yields offset higher expenses tied to Bank Secrecy Act remediation. Washington Federal had to delay a pending acquisition after issues emerged with its anti-money-laundering compliance.

Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers.

A court agreed with HomeStreet that Blue Lion Capital failed to comply with the company's advance-notice bylaw when it submitted director nominations and shareholder proposals.

Northwest CU Association hails victory in all three of the states it represents, including an update to Idaho's Credit Union Act, as well as bills related to data security and municipal deposits.

With the $14 million-asset credit union’s CEO retiring, Monad membership voted to merge.