PEOPLE'S UTAH BANCORP.

PositionAround UTAH

American Fork -- PEOPLE'S UTAH BANCORP, a bank holding company and parent of People's Intermountain Bank, successfully completed the acquisition of $250 million in loans and seven Utah branch locations with $165 million In low-cost deposits from Banner Corporation's banking subsidiary Banner Bank. The bank paid a deposit premium of $13.4 million based on average deposits at closing. The bank also successfully completed the conversion of these branches onto the bank's core banking platform. The seven branches...

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