Skadden Helps AmericanWest Pick Up 8 Pacific Trust Branches

Law360, New York (June 3, 2013, 6:23 PM EDT) -- Washington state-based AmericanWest Bank has agreed to buy eight branches of First PacTrust Bancorp Inc. unit Pacific Trust Bank in Southern California in a deal that will net it some $477 million in deposits, the companies said Monday.

The deal will see the handover of the eight branches located in Riverside, San Diego and Los Angeles counties, among others, according to a joint statement by the banks. Exact terms of the sale were not disclosed in the statement, which noted only that it is expected to...
To view the full article, register now.