One PacificCoast Bank entered into an investment agreement to acquire 90.1% stake in Albina Community Bank from Albina Community Bancorp (OTCBB:ACBC) on January 30, 2013. Post acquisition, Albina will operate as a separate bank, and its 38 employees will continue with their employment. One PacificCoast will add two Directors to Albina's Board as part of the deal. Post acquisition, Albina Community Bank Chief Executive Officer, Cheryl Cebula will remain in job. The transaction is subject to regulatory approval and is expected to close in late June 2013. As of September 25, 2013, the transaction received regulatory approval. Hovde Securities LLC provided fairness opinion in the transaction.

One PacificCoast Bank completed the acquisition of 90.1% stake in Albina Community Bank from Albina Community Bancorp (OTCBB:ACBC) on October 10, 2013. The transaction provides $8.75 million of new capital to Albina.