Tags


Everything tagged


Sort by:

Stories tagged: AmericanWest


  • AmericanWest sale closes

    The purchase of AmericanWest Bank by a new holding company closed Monday. SKBHC Holdings LLC paid $6.5 million for the Spokane bank and its Utah division, Far West Bank. The …


  • AmericanWest Bank sale approved

    U.S. Bankruptcy Court Judge Patricia Williams on Thursday authorized the sale of AmericanWest Bank to a holding company that will inject as much as $200 million into the Spokane-based institution. …


  • Holding company will buy AmericanWest

    A newly formed bank holding company will be the lone bidder for AmericanWest Bank. Competing bidders were required to make their interest known by 5 p.m. Monday. AmericanWest Bancorporation spokeswoman …


  • Caldwell: Bank’s good fortune ultimately hurt it

    Cheap capital almost killed AmericanWest Bank. Documents filed with the U.S. Bankruptcy Court on Oct. 27 describe how money raised while the bank was growing snarled efforts to raise new …


  • Bert Caldwell: Local bank knows the drill

    AmericanWest Bancorporation Chief Executive Officer Pat Rusnak took heart last week from Sterling Financial Corp.’s successful effort to raise additional capital. Like Sterling, AmericanWest was ordered by regulators to reinforce …


  • AmericanWest bank reports loss, stabilization

    AmericanWest Bancorporation on Thursday reported a third-quarter loss but progress toward stabilizing operations at the Spokane-based institution. The loss was $28.4 million, or $1.65 a share, compared with a third-quarter …


  • Bert Caldwell: Bank survival is essential for community

    Banking regulators have become the process servers for a sick Washington economy, delivering orders and memorandums commanding financial directors, chief executive officers and other executives to clean up their institutions. …


  • Business in brief: AmericanWest’s results stabilize

    AmericanWest Bancorporation reported losses for the second quarter and first half of 2009, but Chief Executive Officer Patrick Rusnak said Thursday that some benchmarks indicate the Spokane-based institution’s finances have …


  • AmericanWest tackling audit issues

    AmericanWest Bancorporation officials said Friday they are taking steps to comply with a pending “cease and desist” order from the Federal Deposit Insurance Corp. and the Washington Department of Financial …


  • AmericanWest Bank complying with regulator conditions

    AmericanWest Bancorporation officials said Friday they are complying with a set of changes included in a “cease and desist” order being issued by the Federal Deposit Insurance Corporation and the …


  • AmericanWest to pull request for federal aid

    AmericanWest Bancorporation plans to withdraw an application for $57 million in federal assistance, the Spokane institution said Thursday in its first-quarter earnings release. AmericanWest, which reported a net loss of …


  • AmericanWest won’t seek federal funds after all

    AmericanWest Bancorporation plans to withdraw an application for $57 million in federal assistance, the Spokane institution said Thursday in its first-quarter earnings release.


  • Sterling could net $303 million from bailout fund

    Spokane’s Sterling Financial Corp. will receive $303 million from the U.S. Treasury if a tentative deal announced Monday closes. The investment, one of dozens approved or pending as the Treasury …


  • AmericanWest posts large loss

    A defiant Patrick Rusnak, newly confirmed as president and chief executive officer of AmericanWest Bancorporation, Friday repudiated what he called “malicious rumors” about the standing of the Spokane-based institution, even …


  • Housing loans bite regional banks

    The demise of Sullivan Homes and resignation of AmericanWest Bancorporation’s CEO have brought to Spokane’s front door the housing and banking crises that are feeding off each other all over …


  • AmericanWest CEO steps down

    Robert Daugherty, president and chief executive officer of troubled AmericanWest Bancorporation, has resigned at the request of the company’s board of directors. Patrick Rusnak, executive vice president and chief operating …


  • AmericanWest suspends dividends

    AmericanWest Bancorporation posted a second-quarter net loss of $6.2 million, suspended its quarterly dividend and said it was looking for ways to raise capital. Spokane-based AmericanWest said it does not …


  • AmericanWest takes hit

    AmericanWest Bank on Thursday reported a $31.6 million first-quarter loss and suspended its dividend, triggering a 28 percent plunge in the price of its stock. The loss per share at …


  • Mortgage-seekers may benefit most

    The turmoil on Wall Street and efforts to respond on Pennsylvania Avenue should improve prospects for consumers on Spokane Falls Boulevard, local officials said Tuesday. The three-quarter percent cut in …


  • It’s a bullish time for banks

    Area bankers say their businesses performed even better than they’d expected last year and are optimistic 2007 will turn into another good year. “I’m still very bullish on the economies …


  • AmericanWest Bancorp to acquire Utah bank

    Spokane-based AmericanWest Bancorp. has agreed to acquire a Utah bank in a $150 million transaction. The acquisition is AmericanWest’s largest to date, said President and CEO Robert Daugherty.


  • Spokane’s AmericanWest heads east with new North Idaho locations

    AmericanWest Bank must be quite confident in the economic health of North Idaho. The Spokane-based, full-service bank is building three new facilities: in Hayden, Coeur d’Alene and Sandpoint. The Hayden …


  • AmericanWest Bancorp completes deal

    Spokane-based AmericanWest Bancorp. completed its acquisition of Columbia Trust Bancorp. Thursday, creating a combined company with $1.3 billion in assets and more than 500 employees. AmericanWest bought the Pasco-based bank …


  • Banking on a good year

    Buoyed by a banner 2005, several Inland Northwest banking executives say they’re feeling almost as upbeat about business in 2006 — provided the Fed finally settles down. “If (interest) rates …


  • AmericanWest to buy Columbia Trust

    Spokane-based AmericanWest Bancorp. said it has agreed to acquire Pasco-based Columbia Trust Bancorp. in a deal valued at $37.5 million. Columbia Trust has four branches and assets of $218 million …


  • AmericanWest wants CdA branch

    AmericanWest Bancorp., the Spokane-based parent company of AmericanWest Bank, said it has asked for regulatory approval to open a branch in Coeur d’Alene. The company said last week that the …


  • Hayden bank plans to be unveiled

    AmericanWest Bank will unveil plans for a new branch in Hayden today during a 10 a.m. to 4 p.m. open house at 255 W. Hayden Ave. “We see lots of …


  • Bank will take more writedowns

    AmericanWest Bancorp. will take a $9.8 million hit in its fourth quarter due to loan losses and reductions in the values of assets, the company announced in a news release. …


  • In Spokane, relocation can speak volumes

    Spokane’s leaders have bemoaned the flight of corporate headquarters from downtown since Expo folded its tents in 1974. Well, in the case of the banks, anyway, that’s changing. Last month’s …


  • AmericanWest will move into new facility

    The new AmericanWest Bank Building in downtown Spokane soon will be the corporate and regional headquarters of the building’s namesake. AmericanWest Bancorp. will move its corporate headquarters from the North …


Sections


Profile

Contact the Spokesman

Main switchboard:
(509) 459-5000
Customer service:
(509) 747-4422
Newsroom:
(509) 459-5400
(800) 789-0029
Back to Spokesman Mobile