Cache Valley Bank to acquire eight AmericanWest Bank branches

Published on May 24, 2013 at 01:57PM

Cache Valley Bank will acquire eight branches of AmericanWest Bank in central and southern Utah. The branches included are Price, Fairview, Mt. Pleasant, Nephi, Loa, St. Gerorge and two in Ephraim. The current branch leadership and teams will remain the same, including Ryan Anderson, Ephraim branch, who will take on the role of Regional President for Cache Valley Bank. The transaction is expected to be complete in the third quarter of 2013. Until that time, the branches will continue to operate as AmericanWest Bank. The sale will allow AmericanWest Bank to reshape its service area in Utah, focusing on communities along the I-15 corridor from North Salt Lake to Utah County. Cache Valley Bank is a highly-rated, community bank, operating seven existing branches in Logan, Layton, and St. George.