Posts tagged: viking bank
AmericanWest Bank, based in Spokane, has acquired Southern California-based Security Business Bank, in a deal involving a cash payment of $26 million.
Spokane-based AmericanWest Bank has completed its purchase of Viking Bank, a deal announced earlier this year that will give AmericanWest a larger presence in Puget Sound.
The $7.2 million transaction brings AmericanWest seven new branches.
AmericanWest earlier this year bought Sunrise Bank of Southern California for $18.5 million, and Bank of the Northwest for $17 million.
The purchases have helped AmericanWest expand to 70 branch locations in four states with assets totaling $2.3 billion.