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07/29/2010
AmericanWest Bancorp. reports $7.9 million loss...

AmericanWest Bancorp., Spokane-based parent of AmericanWest Bank and Far West Bank, today reported a second-quarter net loss of $7.9 million, or 46 cents a share, down from a loss of $10.5 million, or 61 cents a share, in the 2009 second quarter. The company showed continuing improvement in areas such as nonperforming assets, net charge-offs, and balance sheet liquidity. As of the end of the quarter, it said it continued to be classified as "significantly undercapitalized" for regulatory capital purposes, but is continuing to pursue various alternatives for recapitalization.