Marion and Polk Schools Credit Union is buying the $342 million-asset Lewis & Clark Bank in Oregon City, Oregon.

No financial details of the deal were disclosed in a press release Tuesday.

The buyer, which does business as Maps Credit Union, said it anticipates a closing date in or around the first quarter of 2026, pending regulatory approval.

The $1.4 billion-asset Maps, which is based in Salem, said the deal will expand its geographic footprint with new branch locations, enhance its commercial and small business offerings and provide even more Oregonians with personalized, professional service.

The deal is the fourth announced this year in which a credit union is buying a bank.

Most recently, Legacy Community Federal Credit Union in Birmingham, Alabama, agreed to acquire the $104 million-asset First Community Bank.

There were 22 CU-bank deals announced last year – the most ever. Prior to 2024, the most credit union-buying-bank deals struck in a year was 16 in 2022.

By this time last year, seven credit union-bank deals had already been announced.

Maps said growth is critical to keep up with rapidly-evolving advancements in technology.

“We’ll provide even more value to members in the form of expanded products, services, and locations, all while continuing in our dedication to providing impactful community outreach in every area we serve,” the credit union said.

The combined organization’s assets are expected to exceed $1.7 billion, with a geographic footprint of 13 full-service branches.

“We are genuinely excited about the future and believe that joining forces with Maps Credit Union represents a significant benefit to our customers, employees, shareholders, and the communities we proudly serve,” said Jeffrey Sumpter, President and CEO of Lewis & Clark Bank.

Maps has nearly 80,000 members and earned roughly $14.2 million in 2024, a 2.5% increase compared to a year earlier, according to call report data from the National Credit Union Administration.

For Lewis & Clark Bank, 2024 earnings totaled $400,000 after the bank lost $1.8 million the prior year, according to S&P Global Market Intelligence data.

“This strategic partnership will combine our strengths, expand our capabilities, and ultimately enhance our service to you.”

 – Jeffrey Sumpter
President and CEO
Lewis & Clark Bank