8-K

UNITED STATES

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): February 15, 2011

AMERICANWEST BANCORPORATION

(Exact name of registrant as specified in its charter)

Washington	0-18561	91-1259511
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

41 W. Riverside Avenue, Suite 300 Spokane, WA	99201
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (509) 467-6993

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c))

Item 7.01 Regulation FD Disclosure

As previously reported, on October 28, 2010, AmericanWest Bancorporation (the “Company”) filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Washington (the “Bankruptcy Court”). The Company is currently the “debtor-in-possession” of its limited business under the jurisdiction of the Bankruptcy Court in accordance with the applicable provisions of the Bankruptcy Code. Regardless of the outcome of the proceedings in the Bankruptcy Court, the Company does not expect that any assets will be available for distribution to the holders of the Company’s common stock.

On February 15, 2011, the Company filed with the Bankruptcy Court the Company’s Monthly Operating Report for the period from January 1, 2011 through January 31, 2011 (the “January Monthly Operating Report”). A copy of the January Monthly Operating Report is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by this reference. A complete copy of the January Monthly Operating Report is also publicly available on the internet and may be accessed at http://pacer.uspci.uscourts.gov.

Limitation on Incorporation by Reference

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Cautionary Statement Regarding the December Monthly Operating Report

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the January Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The January Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The January Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with generally accepted accounting principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the January Monthly Operating Report is complete. The January Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports

pursuant to the Exchange Act. Results set forth in the January Monthly Operating Report should not be viewed as indicative of future results.

Cautionary Statement Regarding Forward-Looking Statements

The information contained in this Current Report on Form 8-K includes forward-looking statements, and the Company intends for such statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s expectation that there will not be any assets available for distribution to the Company’s common shareholders, the Company’s beliefs concerning future business conditions, the Company’s outlook based on currently available information and the Company’s statements regarding its expectations concerning the bankruptcy process. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include, without limitation: (i) the ability of the Company to develop, pursue, confirm and consummate one or more plans of liquidation or reorganization with respect to the Chapter 11 proceeding; (ii) the ability of the Company to obtain Bankruptcy Court approval of its motions in the Chapter 11 proceeding; (iii) risks associated with third parties seeking and obtaining Bankruptcy Court approval to (a) terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans; (b) appoint a trustee; or (c) convert the case to a Chapter 7 proceeding; (iv) potential adverse developments with respect to the Company’s liquidity or results of operations; and (v) the risks and uncertainties described in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or amend any forward-looking statement to reflect subsequent events or circumstances.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Monthly Operating Report for the period from January 1, 2011 through January 31, 2011, filed with the U.S. Bankruptcy Court for the Eastern District of Washington on February 15, 2011.

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.

	AMERICANWEST BANCORPORATION, a Washington corporation
Date: February 18, 2011	By:	/s/ Patrick J. Rusnak
		Patrick J. Rusnak
		President and Chief Executive Officer

EX-99.1

Exhibit 99.1

Office of the US Trustee - Region 18

Seattle, Washington

Monthly Reporting Requirements

Corporations and Partnerships

All Chapter 11 debtors (other than individuals) must serve the U.S. Trustee with the documents and reports identified below no later than the 15th day of the month following the end of the month covered by the report.

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

For the month of: January 2011

Required Documents	Document Attached	Previously Submitted	Explanation Attached
1. Income Statement (profit and loss statement).	( X )	(  )	(  )
2. Comparative Balance Sheet.	( X )	(  )	(  )
3. Statement of Cash Receipts and Disbursements.	( X )	(  )	(  )
4. Statement of Aged Receivables.	( X )	(  )	(  )
5. Statement of Aged Payables.	( X )	(  )	(  )
6. Statement of Operations, Taxes, Insurance and Personnel.	( X )	(  )	(  )
7. Other documents/reports as required by the U.S. Trustee: None	(  )	(  )	(  )

The undersigned certifies under penalty of perjury (28 U.S.C. § 1746) that the information contained in this and accompanying reports is complete, true and correct to the best of my knowledge, information and belief.

By: /s/ Shelly L. Krasselt	Dated: February 15, 2011
Principal Accounting Officer
Title of Debtor Representative

Office of the US Trustee - Region 18

Seattle, Washington

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

For the period: Refer to dates below

Basis of Accounting: Accrual

				Month Ending
	10/28/10-10/31/10			November 30, 2010			December 31, 2010			January 31, 2011
Income
Gain on sale of assets	$	—		$	—		$	37,020		$	—
Expenses
Payroll/Non-employee Officer Expenses	$	1,909		$	3,215		$	1,970		$	5,750
Occupancy		—			971			595			—
Director Fees		—			—			750			2,500
Investor Relations		692			234			—			—
Service Contracts		—			89			—			—
Ongoing Professional costs		—			1,646			2,334			12,298
Professionals		—			—			65,179			—
Interest Expense DIP loan		—			1,700			4,038			—
Loan Fee		—			100,000			—			—
Special Counsel		—			332,726			162,000			16,000
Debtor’s Counsel		—			75,540			50,854			24,139
Total Expenses	$	2,601		$	516,121		$	287,719		$	60,687
Net Loss	$	(2,601	)	$	(516,121	)	$	(250,699	)	$	(60,687	)

Office of the US Trustee - Region 18

Seattle, Washington

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

Comparative Balance Sheet

	10/31/2010			11/30/2010			12/31/2010			1/31/2011
Assets
Current Assets
Cash	$	97,345		$	6,988,798		$	6,098,902		$	5,910,113.49
Investment in WIN Partners	$	100,000		$	100,000		$	—		$	—
Total Current Assets	$	197,345		$	7,088,798		$	6,098,902		$	5,910,113
Accounts/Dividend Receivable
Accrued Dividend Receivable - TRUPS prepetition	$	184,842		$	184,842		$	184,842		$	184,842
Accrued Dividend Receivable - TRUPS postpetition	$	—		$	—		$	—		$	—
Total Accounts Receivable	$	184,842		$	184,842		$	184,842		$	184,842
Other Assets
Dashiell Insurance Policy Assignment of Benefits	$	160,797		$	160,797		$	—		$	—
Real Property - Prosser Building and Land	$	202,184		$	202,184		$	—		$	—
Investment in AmericanWest Bank	$	6,000,000		$	6,000,000		$	—		$	—
Investment in TRUPS	$	1,239,000		$	1,239,000		$	1,239,000		$	1,239,000
Total Other Assets	$	7,601,981		$	7,601,981		$	1,239,000		$	1,239,000
Total Assets	$	7,984,167		$	14,875,621		$	7,522,744		$	7,333,956
Liabilities
Postpetition Liabilities:
Accounts Payable	$	692		$	408,266		$	306,089		$	177,988
Debtor in Possession Loan to SKBHC Hawks Nest	$	—		$	850,000		$	—		$	—
Stalking Horse Bid Deposit	$	—		$	6,150,000		$	—		$	—
Total Postpetition Liabilities	$	692		$	7,408,266		$	306,089		$	177,988
Prepetition Liabilities
Accounts Payable	$	1,337		$	1,337		$	1,337		$	1,337
Notes Payable	$	41,239,000		$	41,239,000		$	41,239,000		$	41,239,000
Accrued Dividend Payable	$	6,152,827		$	6,152,827		$	6,152,827		$	6,152,827
Total Prepetition Liabilities	$	47,393,164		$	47,393,164		$	47,393,164		$	47,393,164
Total Liabilities	$	47,393,856		$	54,801,430		$	47,699,253		$	47,571,152
Owner Equity
Preferred Stock	$	—		$	—		$	—		$	—
Common Stock	$	253,482,472		$	253,482,472		$	253,482,472		$	253,482,472
Retained Deficit	$	(292,892,160	)	$	(293,408,281	)	$	(293,658,981	)	$	(293,719,668	)
Total Owner Equity	$	(39,409,689	)	$	(39,925,809	)	$	(40,176,509	)	$	(40,237,196	)
Total Liabilities and Equity	$	7,984,167		$	14,875,621		$	7,522,744		$	7,333,956

Office of the US Trustee - Region 18

Seattle, Washington

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

Statement of Cash Receipts

For the Month Ending: January 31, 2011

Cash Receipts

Date	Description (Source)	Amount
Beginning Cash Balance		$	6,098,902.05
		$	—
Total Cash Receipts		$	—

Office of the US Trustee - Region 18

Seattle, Washington

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

Statement of Cash Disbursements

For the Month Ending: January 31, 2011

Cash Disbursements

Date	Check No.	Payee	Description	Amount
1/6/2011	via wire	Broadridge ICS	Investor Communication	$	1,267.58
1/6/2011		AmericanWest Bank	Wire Fee		20.00
1/13/2011	1003	RR Donnelley	SEC File Preparation and Transmission		1,185.00
1/13/2011	1004	IST Shareholder Services	January 2011 Transfer Agent Services		1,333.88
1/25/2011	1005	P. Mike Taylor	January 2011 Board Fees		500.00
1/25/2011	1006	Donald H. Swartz	January 2011 Board Fees		500.00
1/25/2011	1007	Craig D. Eerkes	January 2011 Board Fees		500.00
1/25/2011	1008	Kay C. Carnes	January 2011 Board Fees		500.00	*
1/25/2011	1009	J. Frank Armijo	January 2011 Board Fees		500.00	*
1/25/2011	1010	RR Donnelley	Prepress, Print, Bind and Distribute letters		4,126.11
1/25/2011	1011	IST Shareholder Services	Out of pocket charges		635.00
1/25/2011	via wire	Morrison Foerester			136,588.76
1/25/2011	via wire	Foster Pepper			41,092.23
1/25/2011		AmericanWest Bank	Wire Fee		20.00
1/25/2011		AmericanWest Bank	Wire Fee		20.00
Total Cash Disbursements				$	188,788.56
Adjustments (explain)				$	—
Ending Cash Balance (must be reconcilable to the bank statement for account cited above)				$	5,910,113.49

* Noted amounts have not yet cleared the bank statement.

7 100605591

AMERICANWEST BANCORPORATION

DEBTOR IN POSSESSION

Operations TEST

Jan 31, 2011

Pg l of 1

Ban Control

01/01/2011 Beginning Balance 6,098,902.05

0 Deposits/Other Credits + .00

13 Checks/Other Debits – 187,789.56

01/31/2011 Ending Balance 31 Days in Statement Period 5,911,113.49

Checks listed in numerical order; (*) indicates gap in sequence

Check Date Amount Check Date Amount

1003 01/20 1,185.00 1007 01/31 500.00

1004 01/20 1,333.88 1010* 01/31 4,126.11

1005 01/27 500.00 1011 01/31 635.00

1006 01/27 500.00

Other Debit

01/06/2011 Outgoing Wire Trans 1,267.58

BROADRIDGE ICS WIRE XFER

01/06/2011 Wire Transfer Fee 20.00 BROADRIDGE ICS WIRE XFER

01/25/2011 Outgoing Wire Trans 136,588.76 MORRISON & FOERS WIRE XFER

01/25/2011 Outgoing Wire Trans 41,092.23 FOSTER PEPPER PL WIRE XFER

01/25/2011 Wire Transfer Fee 20.00 FOSTER PEPPER PL WIRE XFER

01/25/2011 Wire Transfer Fee 20.00 MORRISON & FOERS WIRE XFER

Daily Ending Balance

01/01 6,098,902.05 01/20 6,095,095.59 01/27 5,916,374.60

01/06 6,097,614.47 01/25 5,917,374.60 01/31 5,911,113.49

Office of the US Trustee - Region 18

Seattle, Washington

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

Statement of Aged Receivables

For the month ending January 31, 2011

Total Due		Current		Past Due		Past Due		Past Due
		(0-30 Days)		(31-60 Days)		(61-90 Days)		(91 & Over)
	Prepetition
$	—	$	—	$	—	$	—	$	—
	Postpetition
$	—	$	—	$	—	$	—	$	—
	Totals
$	—	$	—	$	—	$	—	$	—
	Accounts Receivable Reconciliation
	Opening Balance					$	—
	New Accounts this Month					$	—
	Balance					$	—
	Amount Collected on Prior Accounts					$	—
	Closing Balance					$	—
	Check Figure					$	—

Office of the US Trustee - Region 18

Seattle, Washington

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

Statement of Aged Payables

For the month ending January 31, 2011

NOTE: Schedule only includes postpetition debts.

Account Name	Description	Total Due		Current		Past Due		Past Due		Past Due
				(0-30 Days)		(31-60 Days)		(61-90 Days)		(91 & Over)
	Foster Pepper	$	48,184	$	24,139	$	9,852	$	14,193	$	—
	Morrison Foerster	$	106,179	$	16,000	$	25,411	$	64,767	$	—
	Sandler O’Neil	$	13,000	$	—	$	13,000	$	—	$	—
	US Trustee Quarterly Fees	$	4,875	$	4,875	$	—	$	—	$	—
	Patrick J. Rusnak Services Performed	$	1,250	$	1,250	$	—	$	—	$	—
	Jay Simmons Services Performed	$	3,000	$	3,000	$	—	$	—	$	—
	Shelly L. Krasselt Services Performed	$	1,500	$	1,500	$	—	$	—	$	—
	Totals	$	177,988	$	50,764	$	48,263	$	78,960	$	—
	Accounts Payable Reconciliation
	Opening Balance	$	306,089
	Total New Indebtedness Incurred this Month	$	50,764
	Balance	$	356,854
	Amount paid on Prior Accounts Payable	$	178,866
	Closing Balance	$	177,988

Office of the US Trustee - Region 18

Seattle, Washington

Statement of Operations, Taxes, Insurance and Personnel

For the Month Ending: January 31, 2011

Debtor Name: AmericanWest Bancorporation

Case Number: 10-06097-PCW11

1. What efforts have been made toward presentation of a plan to the creditors?

The debtor expects to file a plan to distribute the sale proceeds by February 25, 2011.

2. Has the Debtor in Possession, subsequent to the filing of the petition, made any payments on its prepetition unsecured debt, except as have been authorized by the Court?

	: Yes
X	: No	Identify amount, who was paid and the date paid:	N/A

3. Provide a narrative report of significant events and events out of the ordinary course of business:

None

4. List any payments during this period on debt that has been personally guaranteed by any principal, partner or officer of the business.

None

5. If assets have been sold in other than the ordinary course of business, please provide details as to the asset sold, date of sale, total sales price, deductions (i.e. commissions), and net amount received.

None

6. STATUS OF TAXES

FEDERAL TAXES	AMOUNT WITHHELD OR ACCRUED		AMOUNT PAID		DATE PAID		POSTPETITION TAXES PAST DUE
FICA	$	—	$	—		N/A	$	—
Withholding	$	—	$	—		N/A	$	—
Unemployment	$	—	$	—		N/A	$	—
Income	$	—	$	—		N/A	$	—
Other	$	—	$	—		N/A	$	—
STATE TAXES
Dept. of Labor and Industries	$	—	$	—		N/A	$	—
Income	$	—	$	—		N/A	$	—
Employment Sec.	$	—	$	—		N/A	$	—
Dept. of Revenue	$	—	$	—		N/A	$	—
B&O	$	—	$	—		N/A	$	—
Sales	$	—	$	—		N/A	$	—
Excise	$	—	$	—		N/A	$	—
OTHER TAXES
City Business/License	$	—	$	—		N/A	$	—
Personal Property	$	—	$	—		N/A	$	—
Real Property	$	—	$	—		N/A	$	—
Other (List)	$	—	$	—		N/A	$	—

Explain reason for any past due postpetition taxes:

N/A

7. SCHEDULE OF SALARY AND OTHER PAYMENTS TO PRINCIPALS / EXECUTIVES / INSIDERS*

Payee Name	Position	Nature of Payment	Amount
Patrick J. Rusnak	CEO and President	Services Performed	$	1,250
Jay Simmons	EVP, General Counsel and Secretary	Services Performed	$	3,000
Shelly L. Krasselt	Principal Accounting Officer	Services Performed	$	1,500

* List accrued salaries whether or not paid and any draws of any kind or perks such as car, etc. made to or for the benefit of any proprietor, owner, partner, shareholder, officer, director or insider.

8. SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS

	Appointment Date		Amount Paid This Month		Date of Court Approval		Aggregate Received		Estimated Balance Due
Debtor’s Counsel		11/17/2010	$	41,092		*	$	102,349	$	48,184
Counsel For Unsecured Creditors’ Committee			$	—			$	—	$	—
Trustee’s Counsel			$	—			$	—	$	—
Accountant			$	—			$	—	$	—
Special Counsel		11/2/2010	$	136,589		*	$	404,548	$	106,179
Financial Advisor		11/2/2010	$	—		*	$	52,179	$	13,000

* Paid per 12/14/2010 interim payment order.

Identify fees accrued but not paid: Debtors Counsel $24,139; Special Counsel $16,000.

9. Please explain any changes in insurance coverage that took place this month.

None

10. Personnel

	Full Time		Part Time
Total number of employees at beginning of period		0		0
Number hired during the period		0		0
Number terminated or resigned during the period		0		0
Total number of employees on payroll at period end		0		0
Total payroll for the period	$	—