Rendering of a new STCU branch. A rendering of the new branch STCU plans to open in Ponderay, Idaho, in May. (Source: STCU)

A Spokane, Wash., credit union has agreed to buy the assets of a bank branch in the northern tip of Idaho, which would add $20 million in assets and 1,000 members if the deal closes as expected in August.

STCU ($3 billion in assets, 187,720 members) agreed to buy the Sandpoint, Idaho, branch from Banner Bank of Walla Walla, Wash. ($11.6 billion in assets) for an undisclosed price based on the value of the assets and liabilities, according to an Interagency Merger Act Bank Application filed April 22 with the FDIC.

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Jim DuPlessis

A journalist for decades.

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