Ignite San Diego

Ignite San Diego

Local business spotlight

AmericanWest Completes Purchase of 8 Pacific Trust Bank Branches

By SDBJ Staff
|  Monday, Oct 7, 2013  |  Updated 1:25 PM PDT
View Comments (
)
|
Email
|
Print
AmericanWest Completes Purchase of 8 Pacific Trust Bank Branches

advertisement

AmericanWest Bank, based in Spokane, Wash., expanded its footprint in San Diego and the nearby region when it completed the purchase of eight branches from Pacific Trust Bank.

The branch acquisitions obtained all the necessary regulatory approvals, clearing the way for their sale, AmericanWest said. Pacific Trust is a subsidiary of Banc of California Inc., based in Irvine, and previously headquartered in Chula Vista.

AmericanWest CEO Scott Kisting said the bank’s top priority is to demonstrate its commitment to its new customers, employees, and communities by providing each with exceptional service.

Four branches purchased by AmericanWest are in San Diego County: Chula Vista (two), El Cajon, and Clairemont. It purchased two in Riverside, one in Temecula. In Los Angeles County, it acquired a single branch in Lakewood.

At the close of the transaction, AmericanWest will have total assets of $4.1 billion, and 101 branches in California, Washington, Oregon, Idaho and Utah. The total in San Diego will be 11.
 

 

The Business Journal is the premier business publication in San Diego. Every day online and each Monday in print, the Business Journal reports on how local business operate and why businesses leaders make the decisions they do. Every story is a dose of insight into how to run a better, more efficient, more profitable business.

Follow NBC 7 for the latest news, weather, and events: iPad App | iPhone App | Android App | Facebook | Twitter | Google+ | Instagram | RSS | Text Alerts | Email Alerts

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out