The Federal Reserve Board announced on Tuesday its approval of FS Bancorp, Inc.’s application to merge with Pacific West Bancorp, indirectly acquiring Pacific West Bank. The merger involves FS Bancorp, based in Mountlake Terrace, Washington, and Pacific West Bancorp, located in West Linn, Oregon. The decision allows the transaction to proceed, though final details remain subject to regulatory review. The announcement was made available for release at 4:30 p.m. EDT. For media inquiries, contact media@frb.gov or (202) 452-2955.
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