Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: August 9, 2001

For immediate release

The Federal Reserve Board today announced its approval of the application by First Western Bancorp, Inc., Huron, South Dakota, to acquire at least 74.8 percent of the voting shares of American Bank Shares, Inc., and thereby acquire American Bank Shares' subsidiary bank, American State Bank, both of Rapid City, South Dakota.

Attached is the Board's Order relating to this action.

Attachment (15 KB PDF)

2001 Orders on banking applications

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Last update: August 9, 2001