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Article: More Reg Pressure On AmericanWest.(Community Banking)(AmericanWest Bancorp.)(Brief article)
- Article from:
- American Banker
- Article date:
- September 22, 2009
- Author:
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Byline: Bonnie McGeer
AmericanWest Bancorp. in Spokane, which has been low on capital for at least a year, is coming under increasing regulatory pressure.
The $1.8 billion-asset company said in a Securities and Exchange Commission filing Monday that it has 60 days to submit a plan for maintaining sufficient capital, under a written agreement it signed Sept. 15 with the Federal Reserve Bank of San Francisco.
AmericanWest already has a cease-and-desist order requiring its bank unit to achieve elevated capital ratios by Sept. 8, but did not provide an update on its effort to comply. It said in a filing last month that it was unlikely to meet the ...