Posts tagged: Starbucks Bancshares
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.
The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.
Tom Sowa Tom Sowa covers technology, retail and economic development and writes the Office Hours blog.
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John Stucke John Stucke's primary coverage areas include health care, agriculture and the labor market.
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Becky Kramer Becky Kramer covers the environment, natural resources and utilities.
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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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