Regulators sign-off on Starbuck Bancshares’ proposed acquisition of PremierWest Bancorp

Tomorrow PremierWest Bancorp shareholders will vote on the sale of the company to Starbuck Bancshares at Rogue Valley Country Club.
The parent company of PremierWest Bank announced that Starbuck Bancshares and some of its affiliates have received regulatory approvals or non-objections, as applicable, for the proposed merger with PremierWest. Approvals or non-objections were obtained from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Washington State Department of Financial Institutions and the Oregon Department of Consumer and Business Services.

With much of their wealth transferred to someone else’s pockets, consumers are slow to spend. The head of the White Council of Economic Advisers tells the Wall Street Journal consumer spending will remain slow.

Major institutional investors were snapped up rental properties from foreclosure market, according to this report in HousingWire.

Global research firm Capital Economics says signs point to long-term housing market recovery.

The Capital Press reports shrinking Mexican cattle herds put pressure on U.S. beef production.

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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