On July 21, 2026, Gesa Credit Union, Richland, Washington, announced that it had entered into a definitive agreement to acquire substantially all the assets and assume substantially all the liabilities of Willamette Valley Bank, Salem, Oregon, the wholly-owned subsidiary of Oregon Bancorp, Inc.

Gesa Credit Union has total assets of $6.72 billion and serves nearly 320,000 members across 46 branches in Washington.

Willamette Valley Bank has total assets of $445.9 million and operates four offices in Oregon.

Luse Gorman is serving as legal counsel to Gesa Credit Union. The Luse Gorman team consists of Jeff Cardone, Zac Davis, Brendan Clegg, Tom Hutton, and Keeler Fina.

Luse Gorman has acted as counsel on more than 150 bank and credit union merger transactions during the past ten years and on more bank and credit union merger transactions than any other law firm in the nation over the past 20 years. To learn more about our credit union services and mergers and acquisitions practice, please visit our website.