AmericanWest Bank Completes Purchase of Eight PacTrust Branches

Business Wirevia The Motley Fool
Updated

AmericanWest Bank Completes Purchase of Eight PacTrust Branches

SPOKANE, Wash.--(BUSINESS WIRE)-- AmericanWest Bank today announced the purchase of eight Pacific Trust Bank ("PacTrust") Branches is now complete, adding to the Bank's Southern California footprint. The purchase was first announced June 3, 2013, and has since received all necessary regulatory approvals clearing the way for the completion of the sale.

"On behalf of our entire company, it is my pleasure to welcome the PacTrust customers and employees from these eight branches to AmericanWest Bank," said Scott A. Kisting, Chairman and CEO, AmericanWest Bank. "Our top priority is to demonstrate our commitment to our new customers, employees and communities by providing each with exceptional service."


The following PacTrust branches were included in the transaction:

  • Riverside (2 branches) and Temecula (1 branch), located in Riverside County, California;

  • Chula Vista (2 branches), El Cajon (1 branch), and Balboa/Clairemont (1 branch), located in San Diego County, California; and

  • Lakewood (1 branch), located in Los Angeles County, California.

These branches were purchased from Pacific Trust Bank, a subsidiary of Banc of California, Inc. (NAS: BANC) .

At the close of this transaction, AmericanWest Bank's assets totaled $4.1 billion with 101 branches.

Based in Spokane, Washington, AmericanWest Bank is a business-focused community bank offering commercial and small business banking, mortgage lending and treasury management products as well as a full line of consumer products and services. The Bank now has more than 100 locations in California, Washington, Oregon, Idaho and Utah. Learn more about us at www.awbank.net.



AmericanWest Bank
Kelly McPhee, 509-232-1968
Director of Communications
kelly.mcphee@awbank.net

KEYWORDS: United States North America California Washington

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The article AmericanWest Bank Completes Purchase of Eight PacTrust Branches originally appeared on Fool.com.

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