secwatch.observer — SEC 8-K summary
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Issuer:     FS Bancorp, Inc. (FSBW)
CIK:        0001530249
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0000939057-26-000060
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FS Bancorp to acquire Pacific West Bancorp for $34.6M in stock/cash
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- Consideration: 430,176 FS Bancorp shares + $16.8M cash; valued at $12.52 per Pacific West share.
- Deal expected to be immediately accretive to EPS; 7.4% accretion projected for 2027.
- TBV dilution at close of 2.2% with estimated earnback period of 2.4 years.
- Pro forma combined company would have $3.6B in assets, $3.0B loans, $3.0B deposits, 31 branches.
- Boards unanimously approved; closing expected Q3 2026 subject to regulatory and shareholder approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530249/000093905726000060/0000939057-26-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530249/000093905726000060/fsbanc8k22526.htm
  HTML page:      https://secwatch.observer/filing/0000939057-26-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer