-
The $447 million-asset Inland Northwest said Russell Lee will take over as CEO on June 29.
May 27 -
Northwest Bancorp. in Spokane has raised $20 million from a private placement of common stock. Northwest plans to use some of the proceeds to complete its acquisition of Fairfield Financial Holdings, which was announced in late June.
August 31 -
Northwest Bancorp. in Spokane, Wash., has agreed to buy Fairfield Financial Holdings in Fairfield, Wash., for about $21 million in cash. The deal is expected to close in the fourth quarter.
June 24
Northwest Bancorp. in Spokane, Wash., has announced that Chief Executive Randall Fewel will retire at the end of the year.
Russell Lee, president and chief executive of Northwest's $467 million-asset banking subsidiary, Inland Northwest Bank, will succeed him. Lee will also retain his leadership positions at the Inland Northwest Bank, according to a Thursday news release.
Fewel has led Inland Northwest as president and CEO since 2001. He joined Inland Northwest in 1994 as head of commercial lending.
Lee joined the bank as chief executive in May. He was previously was chief operating officer of Skagit Bank in Burlington, Wash. Before that, he worked at Peoples Bank in Bellingham, Wash., where he was chief financial officer, chief operating officer and president over 15 years.
