EX-99.1 2 dex991.htm AMERICANWEST BANCORPORATION'S SLIDE PRESENTATION AmericanWest Bancorporation's Slide Presentation
Exhibit 99.1


Safe Harbor Statement
This
presentation
contain
comments
and
information
that
constitute
“forward-looking
statements”
(within
the
meaning
of
the Private
Securities
Litigation
Reform
Act
of
1995).
The
forward-looking
statements
herein
are
subject
to
risks
and
uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements.
Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements
include, among other things, the following: 1. Related to the Far West merger: the ability of AmericanWest to obtain the
required shareholder approvals; the ability to consummate the transaction; the ability to successfully integrate the
companies;
a
material
adverse
change
in
the
financial
condition,
results
of
operations
or
prospects
of
either
company;
the
ability
to
fully
realize
the
expected
cost
savings;
and,
the
risk
of
customer
attrition;
2.
Generally:
the
ability
to
open
new financial centers and loan production offices in a timely manner; the ability to realize cost savings associated with
staff reduction; the ability to achieve targeted asset quality improvement; change in general business and economic
conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values, and competition;
changes in accounting principles, policies or guidelines; changes in legislation and regulation; other economic,
competitive, governmental, regulatory, geopolitical and technological factors affecting operations, pricing and services;
and other risk factors referred to from time to time in filings made by AmericanWest with the Securities and Exchange
Commission.
When
used
in
this
presentation,
the
words
“believes,”
“estimates,”
“expects,”
“should,”
“anticipates”
and
similar expressions as they relate to either company or the proposed transaction are intended to identify forward-looking
statements. Forward-looking statements speak only as to the date they are made. The Company does not undertake to
update
forward-looking
statements
to
reflect
circumstances
or
events
that
occur
after
the
date
the
forward-looking
statements are made. This presentation may be deemed to be offering or solicitation materials of AmericanWest
Bancorporation and Far West Bancorporation in connection with the proposed merger of Far West with and into
AmericanWest.  Shareholders are urged to read the joint proxy statement/prospectus that will be included in the
registration statement on Form S-4, which AmericanWest has filed with the SEC in connection with the proposed
acquisition, because both contains important information about AmericanWest, Far West, the acquisition and related
matters. The directors and executive officers of AmericanWest and Far West may be deemed to be participants in the
solicitation
of
proxies
from
their
respective
shareholders.
Information
regarding
AmericanWest’s
participants
and
their
security holdings can be found in its most recent proxy statement filed with the SEC, and information for both
AmericanWest and Far West participants in the joint proxy statement/prospectus. All documents filed with the SEC are or
will be available for free, both on the SEC web site (http://www.sec.gov) and by directing requests to:
For AmericanWest:
AmericanWest Bancorporation
Attention: Investor Relations
41 West Riverside Avenue, Ste. 400
Spokane, WA  99201
Email:
investorinfo@awbank.net
Phone: 509.232.1536
For Far West:
Far West
Bancorporation
Attention:  President
201 East Center
Street,
Provo, UT  84606
Email: 



Strategic Focus –
WA/ID
Continue to evaluate expansion opportunities in contiguous
markets with strong economic growth characteristics either
on a de novo or acquisition basis
Continued improvement in asset quality metrics driven by
strong credit culture and dedicated special assets group
2007 expected net charge offs of 0.25% -
0.35%
Expected non-performing assets/total assets of 0.60%
by 3/31/02007


Strategic Focus –
WA/ID (cont’d)
Target efficiency ratio by Q4 2007 of 60%, driven by Far West
acquisition synergies and internal cost control focus
5% staff reduction ($1.7MM in annual pre-tax savings)
expected by Q2 2007
Investment cycle in Washington/Idaho infrastructure
substantially complete
4 new financial centers opened and 2 relocated since
2005
Focus on growth areas in existing footprint, including
Coeur d’Alene, ID and Tri-Cities area of WA


Strategic Focus –
Utah De Novo Expansion
Initiated expansion to high-growth Utah markets in Q3
2006 with opening of an LPO near Salt Lake City
Utah has strong long-term economic growth
prospects and will allow for asset base
diversification
Projected population growth for 2006-2011 well
above national average (Provo MSA 24%)


Strategic Focus –
Utah De Novo Expansion (cont’d)
Niche opportunity for a larger service-focused community bank
given current competitive composition in Utah banking market:
Utah Deposits as of June 30, 2006*
Deposits in millions
Number of
Total
Deposits
Average
Banks
Deposits
%
Deposits
National/Regional
7
31,347
    
78%
4,478
Community
49
8,802
     
22%
180
56
40,149
100%
*Excludes $103 billion of brokerage/specialty deposits. Source: FDIC.


Strategic Focus –
Utah De Novo Expansion (cont’d)
Capitalize on AWBC management’s prior experience in the Utah
marketplace through targeted recruiting of top-tier producers
As of year-end 2006, approximately $100MM in loan commitments
and $57MM in outstanding loans generated by Utah LPO
Contributed 50% of AWBC organic loan growth in 2006
Recently hired SBA lending team to be based in Salt Lake City
New Utah flagship financial center to be located on the ground floor of
the Walker Center Tower in downtown Salt Lake City scheduled for
opening in Q3 2007
LPO will be opened in Walker Center by the end of Q1 2007


Strategic Focus –
Far West Bank
Announced merger with Provo based Far West Bancorporation in Oct., 2006
Expected closing on April 1, 2007 subject to shareholder approval and
customary closing conditions
Consideration 80% stock/20% cash
Far West is a high performing $425MM bank founded in 1975, with 16
branches from Provo to St. George
Net interest margin in excess of 8%/ROA in excess of 3%
AWBC expects transaction will be accretive to EPS for 2007 and provide an
IRR in excess of 15%
All Utah financial centers will be operated under the Far West Bank brand