PremierWest Bancorp (PRWT) Sells Two Branches to Pacific Crest Federal Credit Union
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PremierWest Bancorp (NASDAQ: PRWT), the parent company of PremierWest Bank, and Pacific Crest Federal Credit Union, announced the execution of a purchase and assumption agreement which results in the transfer of two PremierWest Bank branches located in Dorris and Tulelake, California, to Pacific Crest Federal Credit Union.
The transaction has been approved by both PremierWest Bank's and Pacific Crest's Boards of Directors. Completion of the transaction is subject to customary closing conditions, including regulatory approvals.
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The transaction has been approved by both PremierWest Bank's and Pacific Crest's Boards of Directors. Completion of the transaction is subject to customary closing conditions, including regulatory approvals.
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