Two weeks after changing its name from United Security Bancorp, AmericanWest Bancorp of Spokane, Wash., has also changed its structure by consolidating its four banking subsidiaries under one name and charter.
The four banks now operate under the name of one of the subsidiaries, AmericanWest Bank. United Security Bank, Home Security Bank, and Bank of Pullman began operating under the new name Friday.
Wes Colley, president and chief executive officer of the $599 million-asset company, said in a press release that the names and charters were consolidated to foster a common brand identity and offer a wider array of services to all customers.
There are no impending changes in functions, management, or staff as a result of the consolidation, he said.