Nothing but negotiation

 
The Gap Partnership

Inland Community Bank to be bought by AmericanWest

A community bank in southern California is to be acquired by AmericanWest Bank.

23 July 2012

Financial services provider AmericanWest Bank has confirmed it is set to acquire the Inland Community Bank (ICB) in a deal worth $23.7 million (£15.25 million).

Negotiation consultants may be needed to complete the transaction, which is subject to the receipt of all necessary regulatory and shareholder approvals and customary closing conditions and is scheduled to be finalised by the fourth quarter of 2012.

The deal will help expand AmericanWest's presence in southern California and will see the firm acquire ICB's five locations, in Ontario, Duarte, Los Angeles, Pasadena, and Rialto.

James Cooper, president and chief executive of ICB, explained the current environment is very challenging for small community banks due to issues such as "ever-increasing regulation, heightened capital requirements and rising expenses".

Therefore, he said the merger with AmericanWest will be a "win-win" for both customers and employees.

Mr Cooper said that clients of the bank will benefit from "larger lending limits, more resources and expanded product and service offerings".

His team will remain "part of an outstanding community bank", the representative added.

Posted by Edel Quinn

Source: AmericanWest Bank press release, July 19th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more