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The $840 million-asset company will take a third-quarter charge of about $10 million on the sale of the loans, which have a book value of $33 million, it said.
September 27 -
Home Federal Bancorp was looking for ways to grow its earning assets as the benefits of FDIC loss shares from two failed-bank deals faded. Lacking good prospects, it decided to sell itself to Banner Corp. More banks could find themselves in the same boat.
September 25 -
The $4.24 billion-asset Banner said Tuesday it has agreed to buy Home Federal Bancorp (HOME) in Nampa, Idaho, for $197 million in cash and stock.
September 24
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