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Article: Washington Trust Bank Acquires Pinnacle Bank in Oregon.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- March 4, 2009
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Washington Trust Bank announced that it has acquired Pinnacle Bank in Beaverton, Oregon in an FDIC-assisted transaction to protect depositors. Washington Trust Bank will provide banking services to Pinnacle Bank customers following the PresidentEs Day holiday on Tuesday, February 17, 2009.
To ensure customers are able to conduct business as usual, Washington Trust Bank will provide uninterrupted access to all deposits, loans, ATM and debit cards, online banking, bill pay service and other electronic banking services.
oThis acquisition is significant for two reasons. Washington Trust Bank obtains the opportunity to provide continuing banking services to ...