Heppner Gazette-Times, Heppner, Oregon Wednesday, October 8, 2014 - THREE
Bank of Eastern Oregon plans to acquire Bank Reale
H E P P N E R — B E O To provide unequaled cus
Bancorp and its subsidiary . tomer service and serve the
Bank o f Eastern Oregon, banking needs of the local
announced today that they Pasco community as well
have entered into a defini as the outlying rural areas
tive agreement to
of the Columbia Ba
acquire Bank Reale.
sin. Bank of Eastern
Oregon has served
The c o m b i n e d
banking operation
rural eastern Oregon
will have about 120
for nearly 70 years
employees with to
and we are excited
tal assets of nearly
to expand our foot
$350 million.
print and bring our
J e f f Ba i l e y , Jeff Bailey
style of banking to
President and CEO
the region. Bank
for Bank o f Eastern Or Reale has a talented group
egon, referred to the com of employees that we look
mon philosophies shared by forward to bringing into our
BEO and Bank Reale: “Our banking family.”
goal is to expand upon and
Bank of Eastern Ore
execute the original vision gon, based in Heppner, was
of Bank Reale’s founders: founded in 1945 as Gilliam
P h o n e : ( 5 4 1 )6 7 6 -9 2 2 8
C e ll: (5 4 1 ) 9 8 0 - 6 6 7 4
F a x : (5 4 1 )6 7 6 -9 2 1 1
188 W W illo w
f-Q s .
P.O. B o x 3 3 7
1— 1
H e p p n e r. O R 9 7 8 3 6
County Bank in Arlington,
OR. Since that time, the
bank has expanded to 12
branches and five loan pro
duction offices located in
11 eastern Oregon counties.
The bank was founded by
farmers and ranchers and
views agricultural lending
as key to its historical, as
well as future, success.
Fred Zack, Interim
President and CFO for Bank
Reale, said. “Both institu
tions have similar cultures
and philosophies when it
comes to customer service
and to the employees who
make great customer ser
vice happen. The consoli
dation of Bank Reale into
Bank of Eastern Oregon is
a natural fit for both in other
ways as well. We will now
have access to their finan
cial resources and added
services for our existing
and future customers, and
they now have a platform
for long-term growth in the
Tri-Cities and the Columbia
Basin in harmony with their
core belief in supporting the
communities and customers
they serve.”
“The banking world
has seen significant changes
over the past five years in
terms of consolidation and
economies o f scale. The
acquisition of Bank Reale
provides Bank of Eastern
Oregon an excellent access
to Pasco and rural south
eastern Washington.” said
Bailey.
The transaction is ex
pected to close during first
quarter 2015, following
approval by Bank Reale
shareholders and final regu
latory approval. The terms
of the transaction are not
being disclosed but involve
a combination of cash and
stock. Upon closing of the
acquisition, the Pasco facil
DA’s Report
Morrow County District Attorney Justin Nelson has
released the following report.
-Willie Drane. 62, was convicted of Possession of
Marijuana, a Class B felony reduced to a Class A misde
meanor, and was sentenced to 24 months bench probation.
Fines, fees and assessments totaled $800.
,
!
P h o n e : (5 4 1 )2 7 6 -2 1 5 2
C e ll: (5 4 1 )2 1 5 -2 2 7 4
F a x : (5 4 1 )2 7 8 -6 0 5 1
25 S W E m ig ra n t
P e n d le to n , O R 97 80 1
c h ris @ s y k e s re a le s ta te .n e t
|
U
ity will operate as a branch
of Bank of Eastern Oregon,
doing business as Bank
o f Eastern W ashington.
Commerce Street Capital,
L.L.C., and LC Financial
Advisors, L.L.C., served as
financial advisors to Bank
o f Eastern Oregon. Mc
Adams Wright Ragen, Inc.
served as financial advisor
to Bank Reale.
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d a v id @ s y k e s r e a le s t a te .n e t
O w n e r /B r o k e r D a v id S y k es
In fo rm a tio n d e e m e d c o rre c t n o t g u a ra n te e d
B ro k er C h ris S y k es
w w w .sy k e sre a le sta te .n e tw w w .p e n d le to n p ro p e rtie s.n e t
ASK ABOUT CASH GRANTS FOR HOME PURCHASE
Buy this cabin S have your own place in the mountains
Enjoy the quiet, trees and wildlife Use the rock fire
pit out back for family gatherings Comes completely
furnished Appliances, furniture, washer dryer, beds,
couch, dressers,TV dishes & even a big load of
split and ready firewood out back Cabin is in great
condition and comes with a 25X28 shop with attached
snowmobile shed Come see this property and you will
not want to leave
80982 ELK TRAIL LN, BLAKES RANCH
W ell b u ilt hom e loca te d c lo se to do w n tow n. E njoy
th e la rg e w ra p -a ro u n d p o rc h on th is c la s s ic 5
bedroom C raftsm an style house. H ardw ood flo o rs
and lo ts o f fe a tu re s m ake th is a un iq u e place to
live. S ched ule an a p p o in tm e n t and see inside
This is the hunting place you are looking for. 1989
singlewide trailer with added metal roof. Lots of fur
niture, tools, etc., included with sale Needs some
work, but basics in good shape. Owner says septic,
electric and plumbing works fine. Have your place in
the mountains on .92 acres at Blakes Ranch
565 N GALE ST. HEPPNER
Newer home located on large lot in centrally located Lex
ington Very good condition Fenced Yard for kids & pets.
Granite counter tops in an open space kitchen adjacent
to the living room make this an ideal home for family and
entertaining Outside lots of room to park all your toys
Cupboards and closets everywhere for lots of storage
Refrigerator, Stove, microwave & dishwasher included in
sale Come See! Call Me!
460 H ST. LEXINGTON
81112 COYOTE LN. HEPPNER
ff
5.6 acres
$110 000
V
NEW'LISTING!
N e a t a n d c le a n n o m e w ith y a r d a n d g a ra g e ,
which could also be used as a shop. Guest
room off garage with 1/2 bath. Ready to move
in with little maintenance. Call for an appoint
ment to see today.
375 E MATLOCK ST. HEPPNER
NEW-LISTING!^
Cute 2 bedroom ready for your TLC to make it your home
or a good rental property. Monitor type heater All appli
ances including refrigerator, stove and washer and dryer
included in sale.
640 ELDER ST. HEPPNER
Estafe Sale a t this property! Thurs, Fri, Sat. Oct. 9,
10 & 11 8am - 5pm. Come & See This House!
• a*
5.6 acres of buildable land near Heppner and the Willow
Creek Golf Course Manufactured home okay Have a few
animals Needs well drilled and septic installed to make this
your home site Dee Cox Rd Heppner
A former bowling alley converted to youth
center and restaurant. All restaurant equipment
included in sale
180 N CHASE ST, HEPPNER
Acreage for Sale
PRICE REDUCED!
.$40,f000j
35.44 A cres inside Heppner city
Commercial zoned lot located in the middle of
Heppner. Property is in located in flood plain,
however engineer's flood elevation has been
completed.
N CHASE ST. HEPPNER
Here it is! one of those rare mountain properties 40
acres in the trees with your own hunting cabin Enjoy
the quiet and solitude of the forrest but not too far
from lots of activities Short distance to the Morrow
County OHV Park Wood heat and cook stove in the
cabin, but electricity is near by Good stand of healthy
timber Lots of potential
69050 KINZUA RD. HEPPNER
l i m i t s 3 .2 3 o u t s id e c i t y l i m i t s
Has a good building spot and room
for animals. Water and electricity
located nearby.
Heppner/Spray Highway
Almost new home located close to shopping and
downtown The open beam ceiling and wood stair
way and railings Furniture included in sale, appli
ances, bedroom sets and much more A free stand
ing island in the open kitchen is part of the appeal
owner put special care into constructing a well built
home Second floor deck with sliding doors from each
upstairs bedroom A BBQ, smoker and trailer hook
up out back
415 N GALE ST. HEPPNER
$365,000l
T h is 4 b e d ro o m 1 b a th fix e r u p p e r has g o o d
e le c tric a l, ro o f, h e a tin g u n it, fo u n d a tio n and
p lu m b in g . J u s t p u t in y o u r in s id e w o rk and have
you w ill a d e c e n t re ntal o r hom e fo r you to live
in.La rge o v e rs iz e lot.
One of the best deals in town! Golden West double wide
plus Pod kitchen. Nice view of town off the deck on the
back Full daylight basement means there is plenty of room
in this 5 bedroom 3 bath home. Lots of furniture and personal
items included in sale Included in sale washer, dryer, side
by side refrigerator, stove and microwave, plus three TVs
Two couches, two tables, oak chest, 2 table lamps & 1 floor
lamp and a gun safe
BRICE REDUCED!
345 LINDEN WAY. HEPPNER
body shop and a 1 bedroom apartment newly re
modeled renting for $350. Upstairs is a 2 bedroom
apartment that has been completely redone renting
for $375. Building has a good roof and owner says
the shop has been completely rewired
145 E MAIN. LEXINGTON
220 ROCK ST. HEPPNER
215 S A ST. CONDON
This nice 2007 Marlatt home is in excellent condi
tion Everything was done right when this home
was put in It has a deck, cyclone fenced yard and
a 18 X 31 garage Ceiling fans, along with the en
ergy package will keep you warm in the winter
and cool in the summ er There is a den/office liv
ing room and lots of extras Must see inside this
one Call and schedule an appointm ent today
2 apartments and shop building fo r Sale in
Lexington On the bottom floor is a former auto
Small acreage close to town Can have horses or 4-H
animals lor the kids 1 94 acre m/l home on the edge of
town Includes metal barn with 3 bonus rooms Pasture
irrigated with underground solid set system Comfort
able 3 bedroom, 2 bath home with lots of extras like
3 decks and covered patio Also a living, dining, mud
room and office 38 additional acres available right next
61238 HWY 207 HEPPNER
Nice parcel near residential neigh
borhood and also close to the new
Boardman City Center. City water
and sewer available 5.9 acres m/l
$ 98,000
2 Bedroom near schools and downtown Heppner
Just blocks from school and dow ntow n shopping,
this 2 bedroom 1 1/2 bath charm er has a fenced
yard for children and a separate sm all yard in the
back
Enjoy your reading room , living room and
kitchen with w indow looking out on the street
door
fòM iifliì
_________ 215 S COURT HEPPNER ________
at Lakeview Heights. Own one of the
view lots at Lakeview Heights. 84 X 120 ap-
Water, sewer, phone and power available.
$25,000
LAKEVIEW CT.. HEPPNER
Affordable Building Lots Available!
,84 acre to 5.95 acre lots in Emert Addition #2 lone. Utilities
include - phone, water, power, septic approved. Ready to move in
Great fam ily home! This hom e has 4 large bed
rooms, 2 bath and is located on quiet street Split
level, up stairs and downstairs is great for parents
and kids to have their own space Large backyard
with underground sprinkle and large garage
309 NW COLUMBIA AVE. BOARDMAN •
$8,500-$10,500-$11,500-$14,500
$15,000-$17,500-$22,500
See sykesrealestate.net for map of all available lots