PremierWest Bank and AmericanWest Bank Merger Amended to Increase Merger Consideration to Common Shareholders by 21% to $2.00 per Share
PremierWest Bank and AmericanWest Bank announced today that PremierWest Bancorp ( NASDAQ : PRWT ) and affiliates of AmericanWest Bank have entered into an amendment to the Agreement and Plan of Merger relating to the proposed merger of PremierWest Bancorp with an affiliate of AmericanWest Bank. Under the revised terms, each outstanding share of PremierWest Bancorp common stock will be converted into the right to receive $2.00 in cash, which represents an additional $0.35 per share in cash consideration.
- Published: 18 March 2013
- Written by Editor