BUZZ-Oregon Bancorp surges on buyout deal with Gesa Credit Union
OREGON BANCORP INC
OREGON BANCORP INC ORBN | 0.00 |
** Salem-based Oregon Bancorp's ORBN.PK shares jump 52.4% to $41.15
** Gesa Credit Union will buy ORBN in an all-cash deal that is expected to fetch the community bank's shareholders an estimated $43 to $45 per share
** Buying ORBN will give the credit union its first retail branches in Oregon in its 73-year history
** Transaction expected to be completed in first half of 2027
** Up to last close, ORBN stock had risen 3.4% YTD
