AmericanWest Bancorporation Announces Shareholder Approval for Merger with Far West Bancorporation.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 today that the AmericanWest and Far West Bancorporation shareholders voted to approve the merger of the two companies at their respective shareholder meetings held on March 27 and 26, 2007. Upon completion of the merger, which is expected to be effective on April 1, 2007 subject to customary closing conditions, AmericanWest will have total assets of approximately $1.9 billion and operate 62 financial centers in Washington, Idaho and Utah. The 16 Utah financial centers will be operated under the name of Far West Bank. About AmericanWest Bancorporation AmericanWest Bancorporation is a bank holding company whose principal subsidiary is AmericanWest Bank, a community bank with 46 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, and loan production offices in Ellensburg, Washington Ellensburg is the county seat of Kittitas County, Washington, United StatesGR6. The population was 15,414 at the 2000 census. Ellensburg is located just east of the Cascade Range on I-90. Ellensburg is the home of Central Washington University (CWU). 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/IR. This document contains comments and information that constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). The forward-looking statements herein are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements. Specific risks in this press release include whether all closing required conditions are satisfied or otherwise waived in order to permit the closing of the merger on April 1, 2007. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. For AmericanWest: AmericanWest Bancorporation Attention: Investor Relations 41 West Riverside Avenue, Suite 400 Spokane, WA 99201 Email: investorinfo@awbank.net 509.232.1536 For Far West: Far West Bancorporation Attention: President 201 East Center Street, Provo, UT 84606 Email: donn@farwestbank.com Phone: 801.342.6061 |
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