PremierWest Bank and AmericanWest Bank announced that holders of a majority of PremierWest Bancorp’s common stock have voted to approve the proposed merger of the two companies. The proxy vote was announced at the reconvened special meeting of shareholders today in
“We are very pleased to announce the approval of the merger by our common shareholders. We believe that the merger will benefit our employees and customers by partnering with the significant resources of AmericanWest Bank,” said Jim Ford, president and CEO of PremierWest Bancorp.
“On behalf of our team, I want PremierWest Bank customers and communities to know that we look forward to bringing together our two community banks and augmenting the outstanding service you have come to expect with our strong capital position, comprehensive products and services, and a commitment to local decision-making,” said Scott A. Kisting, shair and CEO, AmericanWest Bank. “We look forward to exceeding your expectations in the days and years to come and stand ready to continue earning your business.”
Starbuck Bancshares, Inc. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to certain risk factors, including those set forth from time to time in PremierWest’s filings with the SEC. You should not place undue reliance on forward-looking statements and we undertake no obligation to update any such statements.
ABOUT PREMIERWEST BANCORP
PremierWest Bancorp (NASDAQ: PRWT) is a bank holding company headquartered in Medford, Oregon, and operates primarily through its subsidiary, PremierWest Bank. PremierWest Bank offers expanded banking-related services through its subsidiary, PremierWest Investment Services, Inc.
PremierWest Bank was created following the merger of the Bank of Southern
ABOUT AMERICANWEST BANK
Based in Spokane, Washington, AmericanWest Bank is a business-focused community bank offering commercial and small business banking, mortgage lending, treasury management products as well as a full-suite of personal banking products. The bank currently operates 80 branches in