AmericanWest Bank announced this morning that it plans to acquire Bank of Sacramento.

The acquisition will give AmericanWest a total of nine branches in the Sacramento area and nearly 100 throughout Washington, Idaho, Oregon, California, and Utah. Bank of Sacramento has 65 employees and four branches in the greater Sacramento area. As of June 30, it had about $468 million in total assets.

At closing, shareholders of Greater Sacramento Bancorp will receive about $60 million, or $22.05 in cash, in exchange for each share.

Based on June 30 financial data, AmericanWest will have total assets of about $4.5 billion once the transaction is complete and more than 1,000 employees.

Scott A. Kisting, chairman and CEO of AmericanWest, said in a press release, “Bank of Sacramento is a business-focused community bank with knowledgeable employees who are committed to providing outstanding service to their customers and the community. It is exciting to bring together two like-minded banks with an eye toward continued growth in Sacramento and throughout the West.”

The transaction is subject to regulatory and shareholder approvals and is expected to be completed during the first half of 2015.