Fifth Washington-based community bank of 2024 sells itself to a credit union

The $632 million-asset Community First Bank struck a deal with $2.4 billion-asset HAPO Community Credit Union.

by Tyfone Inc.

HAPO Community Credit Union plans to acquire $632 million-asset Community First Bank in Kennewick, Washington.

Financial terms of the deal were not disclosed in a press release Tuesday.

The deal is the 18th announced this year in which a credit union is buying a bank. It is also the fifth of those transactions that involves a community bank based in Washington.

The $2.4 billion-asset HAPO said the deal will allow it to offer an enriched suite of financial products and services while reinforcing its dedication to the Tri Cities and surrounding areas.

 

continue reading »