INB parent purchases Oregon bank

Mon., July 17, 2017

From staff reports

The parent company of Inland Northwest Bank has purchased a community bank in Oregon in a $16.2 million cash-stock sale.

Northwest Bancorp. acquired CenterPointe Community Bank, which is headquartered in Hood River. The combined company will operate under the INB name, with 21 offices in Washington, Idaho and Oregon.

The sale closed Friday. Northwest Bancorp. paid $6.9 million in cash, and the remainder of the sale price was in shares of common stock.

This is the second acquisition in two years for Spokane-based Northwest Bancorp. The company purchased Fairfield Financial Holdings Corp., the parent company of the Bank of Fairfield, in late 2015.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

INB parent purchases Oregon bank

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Spokane-area bike shop peddles off into the sun set

United now has a 'base' fare for business class and premium economy

Americans lost a record $15.9 billion to scams in 2025, FTC says