Walla Walla - Banner Corp., the parent of Banner Bank, has reached a merger agreement with NCW Community Bank of Wenatchee, Wash. The stock and cash transaction is valued at about $18.5 million.

Banner Corp., the parent of Banner Bank, said it's buying NCW Community Bank of Wenatchee for $18.5 million. Eight-year-old NCW Bank has $90 million in assets, $81 million in loans, $78 million in ...

The agreement has been approved by the boards of both NCW Community Bank of Wenatchee and Banner Corp. of Walla Walla. It has yet to pass federal regulators and NCW Community Bank shareholders ...