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Grass Valley Bank To Get New Name

Posted: Mar. 28, 2013 3:15 PM PDT

Shareholders of Premeire West Bank have voted to accept a merger with American West Bank, with the deal expected to close next month. The 16-million dollar acquisition was originally announced in November. Premeire West Chief Financial Officer Doug Biddle says current Premeire West customers will now be part of a stronger financial institution…

Listen to Doug Biddle 1

The merger gives American West over 100 branches, and their first presence in California. Biddle says because there is no overlap between the two companies, no jobs will be lost…

Listen to Doug Biddle 2

Premeire West has a branch in Grass Valley, and will soon take the American West Bank name. No word yet on when the new signs will go up.

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