PremierWest, AmericanWest bank merger approved

Majority of shareholders give OK
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PremierWest Bank and AmericanWest Bank have announced that holders of a majority of PremierWest Bancorp’s common stock have voted to approve the proposed merger of the two companies. PremierWest has a location in Rocklin at 4875 Granite Drive.

The proxy vote was announced at the reconvened special meeting of shareholders last week in Medford, Ore. Regulatory approval has already been received; the merger is expected to close in April.

“We are very pleased to announce the approval of the merger by our common shareholders,” said Jim Ford, president and CEO of PremierWest Bancorp. “We believe that the merger will benefit our employees and customers by partnering with the significant resources of AmericanWest Bank.”

“On behalf of our team, I want PremierWest Bank customers and communities to know that we look forward to bringing together our two community banks and augmenting the outstanding service you have come to expect with our strong capital position, comprehensive products and services and a commitment to local decision-making,” said Scott A. Kisting, chair and CEO, AmericanWest Bank. “We look forward to exceeding your expectations in the days and years to come and stand ready to continue earning your business.”