SALEM, Ore.–Marion and Polk Schools Credit Union (Maps Credit Union) said it has completed its acquisition of Lewis & Clark Bank.
The credit union had earlier purchased and assumed substantially all assets and liabilities of the bank in an all-cash transaction. The transaction was completed on Dec. 31.
As a result of the transaction, Maps said it now has over $1.7 billion in assets, serves more than 83,000 members, and has a total of 14 full-service branch locations.
“Maps’ existing members and former bank customers now have access to enhanced products and services in the Portland region, the North Coast, and the Willamette Valley, in addition to competitive rates and expanded digital banking tools,” the credit union said.
‘Growing Member Base’
“This partnership with Lewis & Clark further expands our presence to serve our growing member base in Northwestern Oregon and Southwestern Washington,” Maps President and CEO Mark Zook said in a statement. “The combined resources of Maps and Lewis & Clark will produce excellent opportunities for our existing and newest members and the communities in which they live, with an expanded array of resources and products and additional branch locations.”
The two organizations said they expect to be fully integrated in the first quarter of 2027.
Doeren Mayhew Advisors, LLC served as financial advisor and Luse Gorman, PC served as legal counsel to Maps. Performance Trust Capital Partners, LLC served as financial advisor and Alston & Bird LLP served as legal counsel to Lewis & Clark Bancorp and Lewis & Clark Bank.
