Homestreet Bank purchasing AmericanWest branch in West Seattle

Seattle-based Homestreet Bank announced plans to acquire the AmericanWest Bank branch at 4022 S.W. Alaska St. (formerly Viking Bank) on July 9.

According to Lacie Peterson with Homestreet, “The transaction is subject to regulatory approval and is expected to close in the third quarter of 2013.” They also plan to acquire an AmericanWest branch on Bainbridge Island.

“The two acquired branches have approximately $36.5 million combined in deposits (as of June 30, 2013). Employees at both branches will be offered employment with HomeStreet,” Peterson wrote in an email. “The Bainbridge Island and West Seattle locations will continue to operate as AmericanWest Bank branches until the transaction is completed. Upon closing, the two branches will become part of HomeStreet Bank.”

We encourage our readers to comment. No registration is required. We ask that you keep your comments free of profanity and keep them civil. They are moderated and objectionable comments will be removed.