Northwest Bancorporation Announces Redemption of TARP Preferred Stock

Northwest Bancorporation

announced today the redemption on December 31, 2013 of all remaining shares of its outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock") and Fixed Rate Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock") (collectively, the "Preferred Stock") that were issued under the Troubled Asset Relief Program ("TARP") Capital Purchase Program. A total of 10,500 shares of Series A Preferred Stock and 525 shares of Series B Preferred Stock were redeemed from third parties that had purchased the Preferred Stock from the United States Department of the Treasury earlier this year.