Thursday, December 08, 2011

West Bank Expands; New Takeover

Sorry, that's AmericanWest Bank.

AmericanWest Bank completes Viking Bank acquisition

AmericanWest Bank has announced its holding company completed the acquisition of Seattle-based Viking Financial Services Corporation, parent company of Viking Bank. Immediately following the close, Viking Bank was merged into, and became part of, AmericanWest Bank.

The Viking Financial Services Corporation shareholders overwhelmingly voted to approve the merger and acquisition at their November 3 special shareholder meeting. The necessary regulatory approvals have also been received, clearing the way for the completion of the sale.

“We are pleased to officially welcome Viking Bank customers and employees to AmericanWest Bank,” said Scott A. Kisting, Chairman and CEO, AmericanWest Bank...

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