SALEM, Ore.—The $1.4-billion Maps CU here has agreed to acquire the $342-million Lewis & Clark Bank, based in based on Oregon City, Ore., the credit union announced.
The deal is expected to close in the first quarter of 2026, pending regulatory approval, Maps stated on its website.
“We are thrilled to share a significant development in the nearly two-decade journey of Lewis & Clark Bank. We have entered into a definitive agreement to join forces with Maps Credit Union, a highly respected financial institution serving communities throughout the Willamette Valley. This strategic partnership will combine our strengths, expand our capabilities, and ultimately enhance our service to you,” Lewis & Clark Banks shared on its website.
“Our decision to join forces is particularly meaningful as it combines two institutions that share similar core values, including a commitment to local communities and personalized service…We are especially pleased that Maps Credit Union plans to retain nearly every Lewis & Clark Bank team member,” Lewis & Clark continued.
The bank made $417,000 last year, according to FDIC data.