Open Letter to Bank of Sacramento Clients from AmericanWest Bank
Thank you for your business. We are pleased to announce the merger of Bank of Sacramento with AmericanWest Bank is complete. The transaction was accomplished through our purchase of Greater Sacramento Bancorp (OTCBB: GSCB), the holding company for Bank of Sacramento, on February 2, 2015.
We are excited to welcome you as our newest clients and on behalf of our entire team, I assure you that we are working hard to make sure you continue receiving the outstanding service and expert financial assistance you've come to expect. To minimize client disruptions, Bank of Sacramento will continue to do business under the same name, as a division of AmericanWest Bank.
With any merger there are changes; however, you can count on working with the same professional staff and now they have even more resources at their disposal. In the coming months, you will receive more information on the merger, including details on expanded products and services and the operations conversion that will occur later this year. In the meantime, continue using your accounts as you always have without disruption, including loans and lines, online banking, debit cards, checks, remote deposit machines, and all other products and services.
At the close of the transaction, AmericanWest Bank's assets totaled $4.7 billion. Of that, about $2 billion was in California including $1 billion in Northern California alone, making AmericanWest one of the largest community banks operating in the Sacramento region. We are committed to continuing to build a strong presence in the Sacramento and Northern California area. This merger helps us make significant strides toward this goal while offering your additional locations and tools with which to do your banking.
On behalf of the Board and management team, I offer my sincere thanks for your business. We look forward to continuing to earn your business every day.
Scott A. Kisting
Chairman & CEO
AmericanWest Bank Completes Bank of Sacramento Acquisition
February 2, 2015
(SPOKANE) Today, the holding company of AmericanWest Bank completed the acquisition of Greater Sacramento Bancorp, the parent company of Bank of Sacramento. Greater Sacramento Bancorp shareholders voted to approve the purchase in December, and other necessary regulatory approvals were also recently received, clearing the way for the completion of the sale. Bank of Sacramento will continue to do business under the same name, as a division of AmericanWest Bank.
"On behalf of our entire company, it is my pleasure to welcome Bank of Sacramento clients and employees to AmericanWest Bank," said Scott A. Kisting, Chairman and CEO, AmericanWest Bank. "Now that we are one company, our top priority is to continue providing clients with outstanding service and customized solutions to help their businesses prosper and grow."
Clients in the Sacramento area may visit either AmericanWest Bank or Bank of Sacramento for assistance, and they can expect to receive service from the same familiar faces at those locations, Kisting said. Additionally, there are no changes to the office hours of the new locations.
Today's acquisition adds four locations to AmericanWest Bank's footprint, bringing the Bank's total number of branches to nine in the greater Sacramento area and 98 overall. At the close of the transaction, AmericanWest Bank's assets totaled $4.7 billion. Of that, about $2 billion is in California including $1 billion in Northern California alone, making AmericanWest one of the largest community banks operating in the Sacramento region.
Bank of Sacramento CEO and President William J. Martin will continue with the Bank in a consulting capacity.
Based in Spokane, Washington, AmericanWest Bank is a business-focused community bank offering commercial and small business banking, mortgage lending, treasury management products as well as a full line of consumer products and services. The Bank has 98 locations in California, Washington, Oregon, Idaho and Utah. Learn more about us at www.awbank.net.
CONTACT: Kelly McPhee, Director of Communications, (509) 232-1968 or firstname.lastname@example.org
Online Security Tips from Bank of Sacramento
- Do not share any confidential information through suspicious emails, websites, social media networks, text messages or phone calls.
- Bank of Sacramento will NEVER request personal or financial information from you by email.
- Protect your personal and account information, including your online banking username, password, and answers to security questions. Do not write this information down or share it with anyone.
- Install, run, and keep anti-virus software updated.
Your online safety is important to us!
Additional Online Security Tips:
Online Banking Security Tips
Avoiding Social Engineering Attacks
At Bank of Sacramento the security of your accounts is of our utmost concern. Every day your company is faced with potential threats by individuals targeting your systems and information. To assist you and your company in identifying possible threats we have enclosed a Commercial E-Banking Risk Assessment and Controls Evaluation to help you identify potential threats and to measure the strength of your controls:
We strongly encourage our customers to complete a risk assessment and review the "Best Answers and Tips" on the last page. These best answers and tips will help you protect your systems and information.
To access the Commercial E-Banking Risk Assessment and Controls Evaluation please click here
E-mails that claim to be from the FDIC are reportedly in circulation
The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being from the FDIC.
The e-mails appear to be sent from various "@fdic.gov" e-mail addresses, such as "email@example.com," "firstname.lastname@example.org," or "email@example.com."
They have subject lines that read: "FDIC: Your business account" or "FDIC: About Your Business Account."
The e-mails are addressed to "Business Customer" or "Business Owner" and state "We have important information about your bank" or "…financial institution." They then ask recipients to "Please click here to find details."
They conclude with, "This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership."
These e-mails and the link included are fraudulent and were not sent by the FDIC. Recipients should consider the intent of these e-mails as an attempt to collect personal or confidential information, or to load malicious software onto end users' computers. Recipients should NOT access the link provided within the body of the e-mails and should NOT, under any circumstances, provide any personal financial information through this media.
Financial institutions and consumers should be aware that other subject lines and modifications to the e-mails may occur over time. The FDIC does not directly contact consumers in this manner nor does the FDIC request personal financial information from consumers.
For your reference, FDIC Special Alerts may be accessed from the FDIC's Website at www.fdic.gov/news/news/Special Alert/2011/index.html. To learn how to automatically receive FDIC Special Alerts through email, please visit www.fdic.gov/about/subscriptions/index.html.
Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.
Bank of Sacramento Offering QuickBooks; and Quicken; Interface:
Bank of Sacramento is pleased to announce that we are now offering Online Banking Services with a QuickBooks; and Quicken; interface! Please log in to Bank of Sacramento's Online Banking to begin exporting to QuickBooks; or Quicken;. If you do not have an online banking ID and would like to sign up, please contact us at (916) 648-2100 or contact us .
To Download Quicken; and QuickBooks; User Guide(s), please click below:
Notice Of Changes In Temporary FDIC Insurance Coverage For Noninterest-Bearing Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
Protecting Your Privacy:
Bank of Sacramento is committed to protecting your private information. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
In today's world, various scams are being used to steal your identity. These include pharming, phishing, and spoofing. Here are some important facts you should know about Bank policies and your privacy.
Bank of Sacramento will never send you an email asking for your passwords, credit card numbers, or other sensitive information. In addition, Bank of Sacramento does not send any email with a link to our site. If you receive an email purporting to be from the Bank with a link to our site, contact the Bank immediately. Do not click on the link.
If we request information from you, it is because you have initiated the contact and we are replying to you with a request for information that is necessary to assist you.
You access our website by typing in www.bankofsacramento.com. The address will change to https://www.bankofsacramento.com/index.html. If you do not see this address when accessing our website, do not log in Online Banking and contact the Bank immediately.
When you log on to Bank of Sacramento's Online Banking, you will always be in a site secured with SSL technology. When you enter your User Id, the address will change to https://ibs.secure-banking.com/cgi-bin/hbproxy.exe/1351/newlogin. If you do not see this address, do not enter your password and contact the Bank immediately.