Located in Spokane, Washington, AmericanWest Bancorporation’s subsidiary AmericanWest Bank is a community bank with 58 financial centers located in Washington, Northern Idaho and Utah. Today, the company announced the appointment of Joseph Marchese as its Executive Vice President.
Marchese is a renowned name in the sector and has a reputation for pioneering the turn-around and management of bank loan portfolios. A graduate of Florida International University, Marchese has over 25 years of lending experience in commercial banks ranging in size from $750 million to more than $250 billion. Recently, Marchese served as the Chief Credit Officer for the $1.7 billion Illinois-based Midland States Bancorp.
Leading the way at AmericanWest Bank is Pat Rusnak who serves as the company’s President and CEO. When asked what the addition of Marchese will mean to the future of American Bank, Rusnak was quoted as saying, “Joe’s outstanding track record in credit negotiations, loan structuring, and new business development will be a valuable asset to the Bank as we return to profitability and rebuild the Bank’s credit culture. He has the knowledge and experience to assist us in our continued liquidation of problem loans and the clean-up of our credit portfolio.”
Currently, AmericanWest Bankcorporation is trading in the $0.21 range. With the addition of Joseph Marchese and a strong management team already in place, AmericanWest Bankcorporation is set to make an impact on Wall Street.
To learn more about this company, visit the company website at: www.awbank.net
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