West Coast Bancorp announced July 1 that it completed its first foray into Washington, with approval of its acquisition of Vancouver Bancorp.

Shareholders of Vancouver (Wash.) Bancorp, approved the deal June 28 at the annual shareholder meeting. For West Coast, the deal is the first outside Oregon.

Vancouver Bancorp, holding company for Bank of Vancouver, has $87 million in assets. West Coast, which has $530 million in assets, paid nearly $12 million in the deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.