Making a bid for dominance in the Northwest, U.S. Bancorp announced said Monday it will merge with West One Bancorp in a stock transaction valued at $1.6 billion.

The deal will marry two multistate holding companies under the U.S. Bancorp name with $30 billion in total assets, $4 billion in market capitalization, 14,500 employees, and 670 branches in six states before likely consolidations.

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