-
Northwest Bancorp. in Spokane, Wash., has agreed to buy Fairfield Financial Holdings in Fairfield, Wash., for about $21 million in cash. The deal is expected to close in the fourth quarter.
June 24 -
The $447 million-asset Inland Northwest said Russell Lee will take over as CEO on June 29.
May 27 -
Northwest Bancorp (NBCT) in Spokane, Wash., has completed its redemption of preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.
December 31
Northwest Bancorp. in Spokane has raised $20 million from a private placement of common stock.
The $449 million-asset company said in a press release Monday that it sold 2.1 million shares at $9.25 each.
Northwest plans to use some of the proceeds to complete its
The purchasers were "insiders" and existing Northwest shareholders, including Harlan Douglass, a director. Castle Creek Capital and Concentric Equity Partners also participated in the offering.
