Commerce Street Capital Advises Oregon-based BEO Bancorp on its Acquisition of Washington-based Bank Reale

The transaction enables BEO Bancorp to further extend its reach in the agriculturally-driven Columbia Basin of Washington State

DALLAS--()--Commerce Street Capital, LLC (CSC), a Dallas-based investment banking firm, advised BEO Bancorp (OTCBB: BEOB) and its subsidiary, Bank of Eastern Oregon, on its planned acquisition of Bank Reale (OTCBB: BKRL). BEO Bancorp is headquartered in Heppner, Oregon and Bank Reale is headquartered in Pasco, Washington. After the acquisition, BEO Bancorp will have 120 employees and total assets of nearly $350 million. This announcement was made today by Dory Wiley, President and CEO of CSC.

CSC Managing Director Brian Johnson was the lead financial advisor for BEO Bancorp on the transaction. CSC’s team worked closely with the leadership of BEO Bancorp in their negotiations with Bank Reale.

Brian Johnson said, “This is an important transaction for the agricultural economy in the Columbia Basin region. It provides an opportunity for Bank Reale to expand the services and products it offers to customers, while also deepening BEO Bancorp’s roots in the heart of this region by extending its reach across the Columbia River and into Washington.”

BEO Bancorp is the holding company for Bank of Eastern Oregon, which operates 12 branches and five loan production offices in eleven eastern Oregon counties. With total assets of $307.4 million, total deposits of $265.2 million and total loans of $256.5 million, BEO Bancorp is the highest capitalized bank in eastern Oregon. The bank was founded by farmers and ranchers, and views agricultural lending as key to its success.

Bank Reale is a full-service community bank that provides loan and deposit services to its customers, who are predominantly small and mid-sized businesses and middle-income individuals in southeastern Washington. Prior to this transaction, Bank Reale had total assets of $39.4 million, total deposits of $36.6 million and total loans of $28.3 million. After the acquisition, Bank Reale will continue to operate in Pasco, Washington under the new name of Bank of Eastern Washington.

CSC’s Financial Institutions Group practice centers exclusively on serving the needs of the financial services sector. The group aims to provide sound, comprehensive advice, expert structuring and optimum execution to banks, bank holding companies and allied businesses. CSC is the market leader for bank transactions in the Southwest and is recognized for providing clients with unbiased analyses and the independent opinions required to fulfill their fiduciary obligations.

About Commerce Street Capital

Commerce Street Capital, LLC (“CSC”) is a private investment banking firm headquartered in Dallas, Texas. Led by veterans of the banking industry, CSC specializes in investment banking services (mergers and acquisitions, valuations and regulatory issue advising) and bank development (on-site consulting, sales and management of bank capital raises, market assessments and the bank regulatory application process). The firm provides tailored solutions for all or part of a financial institution's business lifecycle. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.

This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.

Contacts

C. Pharr & Company for Commerce Street Capital
Cynthia Pharr Lee, 972-931-7576, ext. 352
Cynthia@pharrpr.com

Release Summary

Commerce Street Capital Advises Oregon-based BEO Bancorp on its Acquisition of Washington-based Bank Reale

Contacts

C. Pharr & Company for Commerce Street Capital
Cynthia Pharr Lee, 972-931-7576, ext. 352
Cynthia@pharrpr.com