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FS Bancorp, Inc. Completes Acquisition of Pacific West Bancorp

PUBLIC · FSBWAug 21, 2026about 3 hours ago

Acquiring Company

FS Bancorp

Acquired Company

Pacific West Bancorp

United StatesOregonFinancial ServicesFinanceSecurityLendingBankingFinancial ServicesFinanceLendingBanking

Description

Effective August 19, 2026, FS Bancorp, Inc. completed its acquisition of Pacific West Bancorp. The merger involved Pacific West Bank merging with FS Bancorp, enabling 1st Security Bank of Washington to survive the merger. Shareholders of Pacific West had options to elect for common stock or cash as part of the consideration.

Company Information

Company

FS Bancorp

Location

United States

About

FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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Frequently asked

Who acquired Pacific West Bancorp?

Pacific West Bancorp was acquired by FS Bancorp, based in United States. The deal was reported on August 21, 2026. FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington. FS Bancorp is publicly traded (FSBW) and operates in Financial Services.

When did FS Bancorp acquire Pacific West Bancorp?

FS Bancorp's acquisition of Pacific West Bancorp was reported on August 21, 2026. Effective August 19, 2026, FS Bancorp, Inc. completed its acquisition of Pacific West Bancorp. The merger involved Pacific West Bank merging with FS Bancorp, enabling 1st Security Bank of Washington to survive the merger. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pacific West Bancorp do?

Pacific West Bancorp is the holding company for Pacific West Bank, focused on the Greater Portland metropolitan area. It has approximately $386 million in assets and operates four branch locations. It is privately held, operating in Financial Services, and is based in Oregon.

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