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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 31, 1998
INTERWEST BANCORP, INC.
(Exact name of registrant as specified in its charter)
WASHINGTON
(State or other jurisdiction of incorporation)
0-26632 91-1691216
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(Commission File Number) IRS Employer Identification No.
275 S.E. Pioneer Way
Oak Harbor, WA 98227
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (360) 679-4181
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Effective August 31, 1998, InterWest completed its pending merger with
Kittitas Valley Bancorp, Inc. ("Kittitas"), resulting in its wholly owned
subsidiary, Kittitas Valley Bank, N.A., Ellensburg, Washington, becoming a
wholly owned subsidiary of InterWest. The Merger was accomplished pursuant to
an Agreement and Plan of Merger dated as of April 20, 1998 (the "Agreement").
The Agreement was included as Appendix A to the Proxy Statement/Prospectus
dated July 16, 1998, previously filed by InterWest as part of its
Registration Statement on Form S-4 with the Securities and Exchange
Commission.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA, FINANCIAL INFORMATION, AND EXHIBITS
(a) Financial Statements - The requisite historical financial
information will be filed as soon as available, but no later than
60 days after this Report was required to be filed.
(b) Pro forma Financial Information - The requisite pro forma financial
information will be filed as soon as available, but no later than
60 days after this Report was required to be filed.
(c) EXHIBITS.
(99.1) Press Release dated August 31, 1998 issued by InterWest
to announce the completion of the Merger with Kittitas.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: August 31, 1998
INTERWEST BANCORP, INC.
By /s/ Stephen M. Walden
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Stephen M. Walden
President and Chief Executive Officer
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INTERWEST BANCORP, INC. COMPLETES ACQUISITION OF KITTITAS VALLEY BANCORP
OAK HARBOR, Wash., Sept. 1 InterWest Bancorp, Inc., today announced that its
acquisition of Kittitas Valley Bancorp of Ellensburg, Washington has been
completed with an effective date of August 31, 1998.
Kittitas Valley Bancorp's subsidiary, Kittitas Valley Bank N.A., will remain
a separate entity under the InterWest Bancorp, Inc. holding company. The
holding company's banking subsidiaries include: InterWest Bank, First
National Bank of Port Orchard, Pacific Northwest Bank and Pioneer National
Bank. Kittitas Valley Bank maintains a strong commitment to small to
mid-market businesses, as well as community banking and operates three
offices in Kittitas County: Ellensburg, Cle Elum and Roslyn. The combined
operation will have assets of approximately $2.5 billion and 55 branch
offices in 16 counties throughout Western and Central Washington.
