First Savings Bank of Washington Bancorp has received regulatory approval to acquire Inland Empire Bank, Hermiston, Ore.

Following completion of the merger, expected to close in August, the combined entity will have 21 offices in nine counties in Washington State and Oregon.

First Savings, parent of First Savings Bank, Walla Walla, has $500 million in assets. Inland Empire, based in north central Oregon, has $150 million in assets. Inland Empire's specialty is agriculture, consumer, and commercial lending, while First Savings Bank emphasizes mortgage lending.

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