Agreement Announced to Merge Security Business Bank
Dear Current and Future Customers,
AmericanWest Bank and Security Business Bank of San Diego today announced that Security Business Bank will merge with, and become a part of, AmericanWest Bank, creating a larger collective presence in San Diego. The merger is pursuant to the definitive agreement for the transaction, pending regulatory and shareholder approval.
This is an opportunity for Security Business Bank to offer enhanced products and services, plus expanded lending capabilities that will benefit customers and provide for continued growth. The management team and employees of AmericanWest Bank look forward to welcoming the employees and customers of Security Business Bank and are excited about a very bright future.
Security Business Bank is an exceptional bank with exceptional people who understand what it means to be a community bank—to consistently deliver outstanding customer service, to work as a team toward a common goal, and to give something back to the community through hands-on involvement. We share a common set of values that drive our business practices, and our partnership will provide benefits for customers, employees, and communities. AmericanWest Bank is committed to establishing a strong presence in the San Diego market, and merging Security Business Bank will significantly further our growth goals.
With any merger there are changes; however, you can count on working with the same professional staff as always at the Security Business Bank locations. In the coming weeks and months, you will receive more information on the merger, including details on expanded products and services. On behalf of the Board and management team, I offer you my sincere thanks for your business and look forward to expanding our relationship with you.
Sincerely,
Scott A. Kisting
Chairman & CEO
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