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Heppner, Ore.-based BEO Bancorp ($307.4 million) and unit Bank of Eastern Oregon agreed to acquire Pasco, Wash.-based Bank Reale ($39.4 million) in a cash-and-stock transaction.
Other terms of the deal were not disclosed in an Oct. 3 news release.
According to data compiled by SNL, offers for bank and thrift targets in the West region between Oct. 3, 2013, and Oct. 3, 2014, averaged 130.70% of book, 133.72% of tangible book and had a...
