 "Seattle Post-Intelligencer (Seattle, WA)")
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INTERWEST TO ACQUIRE PACIFIC NORTHWEST BANK DEAL VALUED AT $61 MILLION.(Business)
From:
Seattle Post-Intelligencer (Seattle, WA)
| Date:
January 16, 1998| Author:
Virgin, Bill
| COPYRIGHT 1998 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. 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.Copyright information
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InterWest Bancorp., in a deal pushing it further into commercial banking and the Puget Sound-area market, said yesterday it will acquire Seattle's Pacific Northwest Bank.
InterWest, based in Oak Harbor, will swap 3.95 shares of its stock (traded on Nasdaq) for each share of Pacific Northwest Bank's stock, which is not exchange-listed. The deal, worth $61 million at yesterday's closing stock prices, is expected to close in the second quarter.
The InterWest-Pac...
