Inland Community Bank bought by American West Bank

AmericanWest Bank has purchased ICB Financial, theparent company of Inland Community Bank based in Ontario, California, to boost its presence in the region. Immediately after the completion of the deal, approved by ICB Financial shareholders in September 2012, Inland Community Bank merged and became part of AmericanWest Bank. Commenting on the acquisition, AmericanWest Bank chairman and CEO Scott Kisting said, "Now that we are one company, our toppriority is to get to know our new customers, employees and communities and to build on the legacy of providing each with outstanding service." The acquirer has now expanded its reach in five cities including Ontario, Duarte, Rialto, Pasadena and Los Angeles, bringing the bank's total number of branches to 80. FIG Partners served as financial advisor and Horgan,Rosen, Beckham & Coren, acted as legal counselor to ICB Financial, while AmericanWest Bank was advised by Skadden, Arps, Slate, Meagher & Flom. AmericanWest Bank is a community bank, which provides commercial and small business banking, mortgage lending, treasury management products as well as a full line of consumer products and services.