West One Bancorp plans to sell 1.5 million common shares to finance the pending acquisition of 38 branches in Washington State and Oregon from BankAmerica Corp.

Though the Boise, Idaho, company will use the capital to finance a purchase, analysts think the overall strategy is to become a more attractive acquisition candidate.

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.