Reaching its second deal for a mortgage company this year, Cowlitz Bancorp. of Longview, Wash., said it has a definitive agreement for privately held Bay Mortgage Co. of Seattle.

Terms of the agreement were not disclosed. It is expected to close this month.

Cowlitz, with $169 million of assets, said the deal would be immediately accretive to earnings.

Cowlitz, which recently closed a deal for Bay Mortgage of Bellevue, Wash., said the two Bay Mortgage companies would be combined.

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