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WEST ONE BANCORP OFFERS 1.5 MILLION SHARES AT $42 PER SHARE

 WEST ONE BANCORP OFFERS 1.5 MILLION SHARES AT $42 PER SHARE
 BOISE, Idaho, June 16 /PRNewswire/ -- West One Bancorp (NASDAQ-NMS: WEST) today announced it is offering 1.5 million shares of its common stock at a price of $42 per share through a syndicate being led by Merrill Lynch & Co. and Salomon Brothers Inc. West One has also granted the underwriters an option to purchase 200,000 additional shares of common stock to cover over-allotments.
 The net proceeds of the offering will enhance West One's capital position in anticipation of its recently announced branch acquisition in the state of Washington.
 West One Bancorp is a regional bank holding company with headquarters in Boise, which currently has $5.4 billion in assets and more than 155 offices and 3,600 employees in Idaho, Washington, Oregon and Utah.
 -0- 6/16/92
 /CONTACT: Linda Blount-Strauss of West One Bancorp, 208-383-7474/
 (WEST) CO: West One Bancorp ST: Idaho IN: FIN SU: OFR


LM -- SE004 -- 0682 06/16/92 12:43 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:169
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