TACOMA, Wash. -- Key Bank of Washington, a unit of Albany, N.Y.-based Keycorp, said it completed its acquisition of Northwestern National Bank. Total assets of the three-branch, Port Angeles, Wash.-based Northwestern are approximately $47 million.
Steps to acquire the bank were begun by the former Puget Sound Bancorp in 1991. The process was continued by Key Bank after completed its merger with Puget Sound Bancorp in January.
The Northwestern National branches, in Port Angeles, Forks, and Sequim, were to have opened for business on Friday as branches of Key Bank.