Media Coverage
Source: American Banker, Daily Journal
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
04.27.16
Pacific Continental Corporation announced its agreement to buy Foundation Bancorp, Inc. earlier this week, significantly expanding its presence in the Seattle metropolitan area. The transaction, which is valued at approximately $67 million, is expected to be completed by the end of the third quarter.
The newly combined company would have total assets of $2.4 billion, total loans outstanding of $1.7 billion and total deposits of $2.1 billion as of March 31.
Corporate & Securities partner Patricia Young led the Pillsbury team with help from Corporate & Securities associate Robert Tian. Executive Compensation & Benefits partner Mark Jones, senior associate Amber Ward and Tax partner Jim Chudy also played key roles in the transaction.
Last year, Young advised Pacific Continental on its $42.4 million acquisition of Capital Pacific Bancorp.