The takeover drama at Business and Professional Bank appears to be finally coming to a close.

At a special meeting last Wednesday, shareholders of the $210 million- asset bank approved sale to Portland, Ore.-based U.S. Bancorp. And on Monday, the Federal Deposit Insurance Corp. gave its approval - more than two months after a proxy blunder nearly spelled doom for the merger.

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.