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Correction

In the Nov. 28 business section of the Lake Oswego Review and West Linn Tidings it was reported that Banner Corporation, the holding company for Banner Bank and Islanders Bank, and Home Federal Bancorp Inc., the holding company for Home Federal Bank, had announced the signing of a merger agreement in which Banner would acquire Home.

However, Home’s board of directors later received a superior proposal from Cascade Bancorp and plans for the Banner Corp.-Home Federal Bancorp merger were terminated.

Now, Cascade and Home Federal are planning to merge, a process that should be completed next spring.

The Review and Tidings regret the error.




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