Oregon Credit Union Acquires Bank

Mid Oregon Credit Union acquires $21 Million High Desert Bank.

“Mid Oregon Credit Union has announced it has completed the acquisition of the assets and liabilities of High Desert Bank here.

As a result, all High Desert Bank accounts have been converted to Mid Oregon Credit Union and all funds transferred, and all the former customers are now credit union members.

The agreement has been in negotiations for several months and received regulatory approval at the end of May, according to the credit union.

High Desert Bank has been in operation in Bend since 2007, with one location and approximately $21 million in assets.”

Read more in the article from CU Today.

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