Northwest Bank and Regal Financial Bank Merger Completed

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New Bank will focus on business banking in the Northwest.

Seattle, Portland and Boise are dynamic markets in the midst of strong growth,” Gow said. “Northwest Bank continues to be part of that growth by providing access to capital and expertise when our customers need it.

Northwest Bank and Regal Financial Bank have finalized their merger, according to bank officials. The merged bank will be known as Northwest Bank and will serve the business community across the Pacific Northwest from its branches in the Seattle, WA, Portland, OR and Boise, ID metropolitan areas.

The bank received final regulatory approval for the merger earlier this month, with shareholder approval having been obtained in September.

“Northwest Bank has a strong balance sheet, capital levels and, more importantly, a strong commitment to serving our customers,” said Brandon Elieff, President of the Bank’s Washington Division.

The Bank will have one of the highest capital ratios, a crucial measure of financial health, of any bank in the Northwest. Northwest Bank has a ”Five Star” rating from Bauer Financial, indicative of its financial strength.

The merger brings together two banks that operate with a similar focus on business banking.

“Our mission is to provide exceptional client service and help our clients maximize their business and financial opportunities,” said Steven Wasson, President and Chief Executive Officer. “To accomplish this, we’ve brought together a team of proven, experienced bankers and have given them the necessary resources to help our customers grow and thrive. Combined with an unusually high level of access to key decision makers, we feel the client experience can be exceptional.”

For the Bank’s business and professional clients, the merger translates into more opportunities as the Pacific Northwest experiences what many, including Northwest Bank Chairman Jeff Gow, see as a continuing growth cycle.

“Seattle, Portland and Boise are dynamic markets in the midst of strong growth,” Gow said. “Northwest Bank continues to be part of that growth by providing access to capital and expertise when our customers need it.”

Northwest Bank is an Idaho state chartered bank focused on providing financial services to businesses and professionals throughout the Northwest, and is a member of FDIC.

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Steve Wasson, President and CEO

Brandon Elieff, Washington Market President
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