HEPPNER – BEO Bancorp and subsidiary Bank of Eastern Oregon last week finalized the purchase of Bank Reale, based in Pasco, Wash.

The deal was approved by Bank Reale shareholders and received all the required regulatory approvals. The transfer was effective last Friday.

This week, the Bank Reale in Pasco opened as Bank of Eastern Washington, a branch of Bank of Eastern Oregon.

Heppner-based Bank of Eastern Oregon was founded in 1945 as Gilliam County Bank in Arlington. Since then it has expanded to 12 branches and five loan production offices located in 11 Eastern Oregon counties, including locations in Grant County.

“Pasco marks our 13th branch and our first location in Eastern Washington,” said Jeff Bailey, president and CEO of Bank of Eastern Oregon. “Our goal is to expand upon and execute the original vision of Bank Reale’s founders: to provide unequaled customer service and serve the banking needs of the local Pasco community as well as the outlying rural areas of the Columbia Basin.”