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WEST ONE BANCORP ANNOUNCES PROPOSED COMMON STOCK OFFERING

 WEST ONE BANCORP ANNOUNCES PROPOSED COMMON STOCK OFFERING
 BOISE, Idaho, May 20 /PRNewswire/ -- West One Bancorp (NASDAQ-NMS: WEST) today announced plans to sell approximately 1.5 million shares of common stock through an underwritten public offering. The proceeds of the offering will enhance West One's capital position in anticipation of the completion of its recently announced branch acquisition in the state of Washington. The offering, however, is not conditioned upon completion of the acquisition.
 On April 2, West One announced it had entered into definitive agreements under which West One will acquire 38 branches in the Puget Sound area of Washington and three branches in Oregon that are being divested in connection with the recent merger between BankAmerica Corp. and Security Pacific Corp. Merrill Lynch & Co. and Salomon Brothers Inc. will be the managing underwriters for the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 West One Bancorp is a regional bank holding company with headquarters in Boise, Idaho, with $5.3 billion in assets and more than $378 million of shareholders' equity.
 -0- 5/20/92
 /CONTACT: Linda Blount-Strauss of West One Bancorp, 208-383-7474/
 (WEST) CO: West One Bancorp ST: Idaho IN: FIN SU: OFR


JH -- SE007 -- 2383 05/20/92 14:20 EDT
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Publication:PR Newswire
Date:May 20, 1992
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