West Coast Bancorp in Oregon plans to buy its second Washington State bank in a stock deal valued at $47.2 million.

Lake Oswego-based West Coast said it hopes buying Centennial Holdings Inc., Olympia, Wash., will lead to other acquisitions near that state's capital. The deal is expected to close in the first quarter.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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