West Seattle business: Viking Bank shareholders OK merger

November 8, 2011 4:13 pm
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 |   West Seattle businesses | West Seattle news

As reported here two months ago, Spokane-based AmericanWest Bank is seeking to buy Viking Bank (WSB sponsor), which has a West Seattle branch in The Junction – and the deal’s just cleared a hurdle. Viking announced today that its shareholders have “approved the plan of merger and acquisition,” with “yes” votes representing more than 88 percent of Viking’s shares. The bank’s announcement says, “The transaction is expected to close before year end and is subject to customary closing conditions including the approval of Viking Bank’s regulatory agencies.” Once everything’s finalized, Viking is expected to become part of AmericanWest, including a name change, according to this FAQ.

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