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Article: Pacific Northwest Bancorp Completes Acquisition of Bank of the Northwest and Announces Merger Consideration Results.
- Article from:
- Business Wire
- Article date:
- November 14, 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)--Nov. 13, 2002
Pacific Northwest Bancorp (Nasdaq: PNWB) today announced the completion of the acquisition of Bank of the Northwest, headquartered in Portland, Oregon.
Pacific Northwest Bancorp issued 1,749,882 shares of PNWB stock and paid $25,820,595 in cash for all outstanding Bank of the Northwest shares.
Bank of the Northwest was a full-service commercial bank with five banking offices in the metropolitan Portland, Oregon area. Pacific Northwest Bancorp merged Bank of the Northwest into its banking subsidiary, Pacific Northwest Bank, and added approximately $385.4 million in assets. Each ...