A Community Bank branch in Clarkston is one of 10 offices included in an acquisition of the financial institution by the Spokane Teachers Credit Union (STCU) in Liberty Lake.

STCU plans to hire all of Community Bank’s staff in the transaction, which, subject to regulatory approvals, is anticipated to close in early 2025, according to a joint news release from Community Bank and STCU.

Founded in 1955, Community Bank has 10 branches in Asotin and Walla Walla counties in Washington, and Wallowa, Union, Umatilla and Baker counties in Oregon, with $550 million in total assets, according to the news release.

STCU, which was founded in 1934, has more than 280,000 members, 39 branches in eastern Washington and north Idaho, and about $6.4 billion in assets.

“As the banking and business environment of our region grows increasingly competitive, this transaction with STCU will ensure expanded product offerings, more locations and a continued level of high service,” said Community Bank President and CEO Tom Moran in the news release.