PremierWest Bank and American West Bank announced that holders of a majority of PremierWest Bancorp’s common stock have voted to approve the proposed merger of the two companies. The proxy vote was announced at the reconvened special meeting of shareholders in Medford on March 28. Regulatory approval has already been received; the merger is expected to close in April 2013.
“We are pleased to announce the approval of the merger by our common shareholders. We believe that the merger will benefit our employees and customers by partnering with the significant resources of AmericanWest Bank,” said Jim Ford, President and CEO of PremierWest Bancorp