Medford, Ore.-based PremierWest Bancorp, parent of PremierWest Bank, announced that holders of a majority its common stock have voted to approve a proposed merger with Spokane, Wash.-based AmericanWest Bank.
PremierWest oversees 32 branches, including offices in Davis, Elk Grove, Folsom, Galt, Rocklin and Woodland.
PremierWest announced late last year that it had a definitive agreement to be acquired by AmericanWest.
Regulatory approval has already been received, and officials said the deal is expected to close in April.
"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.
Call The Bee's Mark Glover, (916) 321-1184.