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

The $4.7 billion-asset Banner will pay about $58 million, or $14.03 a share, in cash and stock for the $360 million-asset Suislaw. Roughly 90% of the consideration will be common stock. Banner said in a press release late Thursday that it expects to complete the transaction in the latter part of this year.

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