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News Breaks | | | | October 30, 2012 | | 09:34 EDT |  | PRWT | PremierWest Bancorp to be acquired by AmericanWest Bank
AmericanWest Bank and PremierWest Bank announced the execution of a definitive agreement whereby PremierWest Bank plans to merge with, and become a part of, AmericanWest Bank creating a larger combined presence in the Pacific Northwest and California. The transaction will be accomplished through a merger of PremierWest Bank's holding company, PremierWest Bancorp, with an affiliate of AmericanWest Bank and is subject to the receipt of all necessary regulatory and shareholder approvals, as well as other customary closing conditions. | |
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