Banner buys AmericanWest branch in Liberty Lake, Wash.

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Banner Bank is adding another branch.

Banner Corp., the parent of Walla Walla’s Banner Bank as well as Islanders Bank, has announced an agreement for the acquisition of an AmericanWest Bank branch in Liberty Lake, Wash.

Financial details about the acquisition were not disclosed in an announcement Monday. The purchase is expected to be complete by the third quarter of the year.

According to the announcement, the new location will expand Banner’s presence in the greater Spokane area, where the company already has 15 branches. Banner has served Liberty Lake with a branch in the community’s Safeway store.

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