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The parent company of AmericanWest in Spokane, Wash., and PremierWest Bancorp (PRWT) in Medford, Ore., have nearly completed their deal after encountering lackluster support.
March 28 -
AmericanWest Bank in Spokane, Wash., has agreed to buy eight southern California branches from First PacTrust Bancorp in Irvine, Calif.
June 3 -
Cascade Bancorp (CACB), the holding company for the $1.3 billion-asset bank, said Thursday that the Federal Deposit Insurance Corp. and the Oregon Division of Finance and Corporate Securities have terminated an August 2009 cease-and-desist order with the bank.
March 8 -
The Federal Reserve Bank of San Francisco has terminated its regulatory action against HomeStreet in Seattle.
March 27
AmericanWest Bank in Spokane, Wash., has agreed to sell five Pacific Northwest branches in separate transactions.
The $3.8 billion-asset company plans to sell an Oregon branch, along with the deposits of two other branches, to Cascade Bancorp (CACB) in Bend, Ore. AmericanWest will also sell two Washington branches to HomeStreet (HMST) in Seattle, along with $36.5 million in deposits and $2.2 million in loans. Terms of the sales were not disclosed.
The $1.3 billion-asset Cascade Bancorp will buy AmericanWest's branch in Klamath Falls, Ore., and will transfer the customer relationships, deposits and certain loans of branches in Bend and Richmond, Ore., to nearby Cascade branches. AmericanWest obtained the branches when it
The branches that will be sold to the $2.5 billion-asset HomeStreet are in Seattle and Bainbridge Island, Wash. Following the close of the deal, HomeStreet will have 19 branches in the Puget Sound region and 25 branches overall.
AmericanWest has more than 100 branches in California, Oregon, Utah, Washington and Idaho. Last month, it
Cascade and HomeStreet were recently freed from enforcement actions. The Federal Deposit Insurance Corp.