FOR IMMEDIATE RELEASE

March 10, 2026

Contact: Lance Nunn
Oregon Coast Bank
541-265-9000

909 SE Bay Blvd
Newport, OR 97365

Newport, OR – Oregon Coast Bank today announced that it has entered into a definitive agreement to acquire Connect Community Bank. The acquired branches, located in Raymond and Long Beach, Washington, will extend Oregon Coast Bank’s footprint to the Southwest Washington coast and add approximately $70 million in assets, including $60 million in loans.

“At Oregon Coast Bank, our mission has always been to provide common sense, relationship driven banking focused on the unique needs of our coastal communities,” said Oregon Coast Bank CEO Lance Nunn. “Bringing Raymond and Long Beach into the Oregon Coast Bank family is a strategic step that reinforces our long-term independence and strengthens our ability to support the coastal people, businesses, and communities we were founded to serve.”

Connect Community Bank CEO B. Nichoel Casey added, “As we considered the future of Connect Community Bank, our priority was finding a partner that not only shared our values, culture, and deep commitment to Pacific County but also would provide expanded commercial offerings to the community. Oregon Coast Bank’s community focused approach and its track record of supporting coastal economies make it the right fit for our customers, employees, and the legacy we’ve built over more than a century.”

Oregon Coast Bank was established in 2002 to serve the unique banking needs of coastal businesses and families and remains committed to its founding principles as an independent community bank. Connect Community Bank, founded more than a century ago, built a strong legacy of consumer banking and portfolio mortgage lending on the Southwest Washington coast. Oregon Coast Bank is proud to continue that legacy, including portfolio mortgage lending, while expanding services in the region to include comprehensive banking and lending solutions for businesses, governments, and non profits.

The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including regulatory approval. Customers of both Oregon Coast Bank and Connect Community Bank should not experience any disruption in banking services.