Viking Bank Announces Merger Agreement with AmericanWest Bank
By Stephen M. Klein, Kumi Yamamoto Baruffi and Casey M. Nault
September 9, 2011
Yesterday, our client Viking Bank, Seattle, WA, announced that it will merge with AmericanWest Bank, Spokane, WA, in an all cash transaction. Viking had approximately $400 million in assets at June 30, 2011. Click here to see the news release announcing the transaction.
This transaction marks the third whole bank merger announced in the Northwest this year, after a long dry spell. Viking, like many other banks in its market area, has struggled with the effects of the lingering economic downturn, but has an attractive branch network and franchise.
We would be pleased to discuss your comments and questions about this transaction and its implications for your institution and other banks in the Northwest.
