Acquisition History / Security Pacific Bank / Rainier Bancorp
Security Pacific Bank Acquires Rainier Bancorp
Announced January 1987 — $1.15B
What happened
Rainier Bancorp was a company, acquired by Security Pacific Bank for $1.15 billion.
- Acquirer
- Security Pacific Bank
- Target
- Rainier Bancorp
- Announced
- January 1987
- Price
- $1.15B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Security Pacific Bank acquire Rainier Bancorp?
Security Pacific Bank acquired Rainier Bancorp on January 1987. This was Security Pacific Bank's 1st publicly tracked acquisition out of 1 we have on record.
How much did Security Pacific Bank pay for Rainier Bancorp?
Security Pacific Bank paid $1.15B for Rainier Bancorp.
What does Rainier Bancorp do?
Rainier Bancorp was a company, acquired by Security Pacific Bank for $1.15 billion.