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WEST ONE BANCORP TO ACQUIRE IDAHO STATE BANK

 BOISE, Idaho, April 19 /PRNewswire/ -- West One Bancorp (NASDAQ-NMS: WEST) and Idaho State Bank today announced the signing of a definitive agreement under which West One Bancorp will acquire Idaho State Bank.
 The agreement provides for the merger of Idaho State Bank into West One Bank, Idaho, an affiliate of West One Bancorp.
 The common shareholder of Idaho State Bank will receive 66,666 shares of West One Bancorp's common stock for all the outstanding common stock of Idaho State Bank.
 The agreement has been approved by the boards of directors of the respective companies and is subject to approval by applicable regulatory authorities.
 Win Lauder, chairman of Idaho State Bank, said, "This is a merger that truly benefits everyone. Our customers will greatly benefit from the addition of West One's 200 banking offices, including 78 branches in Idaho. Our employees will benefit from this association with a strong, growing organization. I've been very proud of our Idaho State Bankers' demonstrated ability to maintain a high level of services from Nov. 8, 1989, when the Idaho State Bank was refinanced, to this merger. We kept the candle lit."
 "We look forward to expanding our commercial banking services to the communities served by Idaho State Bank as we do not currently have branches in these towns," said Daniel R. Nelson, chairman and chief executive officer of West One Bancorp. "West One is the largest commercial bank in Idaho and this transaction gives us an opportunity to continue to build our operation and offer a wide array of products and services including consumer, agriculture and small business lending, along with investment services."
 Idaho State Bank is a seven-branch, $50-million asset institution serving Bellevue, Cambridge, Fairfield, Grand View, Glenns Ferry, Hagerman and Kuna, Idaho.
 West One Bancorp is a regional bank holding company headquartered in Boise, Idaho, with $7.1 billion in assets and more than 200 offices and 4,500 employees in Idaho, Washington, Oregon and Utah.
 -0- 4/19/93
 /CONTACT: Linda Blount-Strauss, V.P. Corporate Communications, of West One Bancorp, 208-383-7474; or Cort Rounds of Idaho State Bank, 208-922-4141/
 (WEST)


CO: West One Bancorp; Idaho State Bank ST: Idaho IN: FIN SU: TNM

SW-LM -- SE001 -- 7135 04/19/93 07:50 EDT
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Date:Apr 19, 1993
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