Jul 29, 201109:16 AMBlog

AmericanWest Bank completes two acquisitions

Jul 29, 2011 - 09:16 AM
AmericanWest Bank has completed its previously announced acquisitions of Bank of the Northwest and Sunrise Bank.

The acquisitions were consummated in separate merger transactions but closed simultaneously late yesterday afternoon, bringing Spokane-based AmericanWest Bank's total assets to $2 billion. The acquisitions add California and the Puget Sound to AmericanWest Bank's footprint. The new locations include Palm Desert, Point Loma, San Diego and Escondido in California, and Tacoma, Everett, Bellevue and Issaquah in Washington.

Bank of the Northwest and Sunrise Bank customers can continue banking as they normally would today -- using the same bank accounts, bank-issued hardware, online usernames and passwords, credit cards, debit cards, checks and banking locations.

As a result of the transactions, AmericanWest Bank now operates 66 branches in Washington, Idaho, California and Utah, and has more than 600 employees.
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