D.A. Davidson & Co. has served as financial advisor to Olympia, Wash.-based Thurston First Bank in its strategic merger with Commencement Bank (OTCQX: CBWA), headquartered in Tacoma.
The combination creates an institution with a strong presence along the Interstate 5 corridor in Washington. The two banks now operate under one charter, with Thurston First acting as a division of Commencement Bank.
Full details can be found here.