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Article: Pacific Northwest Bancorp and Bank of the Northwest Agree to Merge.
- Article from:
- Business Wire
- Article date:
- July 22, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SEATTLE--(BUSINESS WIRE)--July 22, 2002
Pacific Northwest Bancorp (Nasdaq:PNWB) and Bank of the Northwest (Nasdaq:BKNW) announced today the signing of a definitive agreement to merge Bank of the Northwest into Pacific Northwest Bank.
Bank of the Northwest is a commercial bank with assets of $354 million with five banking offices in the metropolitan Portland, Oregon market area. It is anticipated that the transaction will be completed in the fourth quarter of 2002, pending regulatory approvals and the approval of the stockholders of Bank of the Northwest.
In the merger, Pacific Northwest Bancorp will issue 1.75 million ...