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Posts tagged: Starbucks Bancshares

West Side bank to merge into AmericanWest

The holding company for AmericanWest Bank has agreed to purchase Bank of the Northwest, which operates four branches in the Puget Sound area.

The $17 million transaction is expected to close during the third quarter.

The Bellevue, Everett, Tacoma and Issaquah offices of Bank of the Northwest will be relabeled AmericanWest , Chief Executive Officer Scott Kisting said.

Kisting is also CEO of Starbucks Bancshares Inc., which acquired Spokane-based AmericanWest in December. Starbucks, which also owns a small bank in Minnesota, injected $185 million in new capital into AmericanWest.

Starbucks has an additional $500 million, and officers have said repeatedly they expect to build on the 58-branch AmericanWest network.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

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Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

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