Fed Clears Merger of FS Bancorp and Pacific West Bancorp
The Federal Reserve Board has approved FS Bancorp's application to merge with Pacific West Bancorp. This move will allow FS Bancorp to indirectly acquire Pacific West Bank, both based in Oregon.
The approval was announced on Tuesday and marks a significant development for the two companies involved. The merger is expected to have a positive impact on the banking sector in the region.