AmericanWest Bancorporation Announces Appointment of Patrick J. Rusnak as Chief Operating Officer.SPOKANE, Wash. -- AmericanWest Bancorporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AWBC AWBC Australian Wine Brandy Corporation ) announced that Patrick J. Rusnak will join the company as Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company and its subsidiary bank, AmericanWest Bank, effective September 18, 2006. Mr. Rusnak has nearly 20 years experience in financial institution management and leadership, most recently serving as Executive Vice President and Chief Operating Officer with Western Sierra Bancorp, a $1.2 billion California bank holding company. Before that, Rusnak served as Executive Vice President and Chief Financial Officer of Humboldt Bancorp, a $1.5 billion California bank holding company under CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert M. Daugherty, the current President and CEO of AmericanWest Bank, prior to Humboldt's sale to Umpqua Holdings Corporation Umpqua Holdings Corporation (NASDAQ: UMPQ) is a financial holding company that has two principal operating subsidiaries, Umpqua Bank (the Bank), and Strand, Atkinson, Williams and York, Inc. (Strand). . Rusnak will be responsible for all areas of operational support within AmericanWest Bank. "I am excited to partner with Pat Rusnak once again," said Daugherty. "Pat is a great fit within our existing executive management team. His experience, vision, focus and leadership abilities will help ensure we fully harness our tremendous potential and realize the growth opportunities before us. In addition, he is highly respected in the investment community and will be a credible spokesperson for our company," he said. "The creation of this new role of Chief Operating Officer at AmericanWest will allow me to dedicate more of my time to strategy and long term goals for the company's continued success," concluded Daugherty. "I'm looking forward to working for Bob again and with AmericanWest at this exciting time in the Bank's history," said Rusnak. "Since his arrival, Bob and his executive management team have positioned the company to meet the challenges ahead and create long-term shareholder value by having quickly resolved regulatory issues, establishing a retail infrastructure and culture, and vigorously improving asset quality," he said. "In my view, AmericanWest is now well positioned to take full advantage of emerging opportunities." AmericanWest Bancorporation is a bank holding company whose principal subsidiary is AmericanWest Bank, a community bank with 44 financial centers located in Eastern and Central Washington Central Washington is a region of the United States defined as the western half of Eastern Washington, or those counties lying east of the Cascade Mountains but west of the 119th meridian. and Northern Idaho, with loan production offices in Ellensburg, Washington and Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. . For further information on the Company or to access Internet banking, please visit our web site at www.awbank.net. |
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