Acquisition

The formal description reads: “F&M Holding Company, the parent company of Farmers & Merchants State Bank, is the largest independent bank holding company headquartered in Boise, Idaho. Farmers and Merchants State Bank, is a community banking organization established in 1967. FMSB’s business mix is both retail and commercial, with a strategic focus on business banking. Farmers & Merchants State Bank also offers trust, investments and private banking services. The Company, with $582 million in assets, has 11 full-service branches located throughout the Boise and Treasure valley area.”

Make that, “was the largest independent bank holding company headquartered in Boise, Idaho.”

Cascade Bancorp, which is based in Bend an runs the rapidly-growing Bank of the Cascades, just bought it – greatly extending its reach to the east, and making it a much larger regional player in banking. To date, Cascade has 21 branches, all in Oregon, most in central Oregon.

It now seems positioned for a larger regional growth. Speculation: Watch for entry into Washington state before long.

Share on Facebook