Exhibit 10.24



GRANT OF PERFORMANCE SHARES



RECITALS



|A. | Rick Shamberger is currently Executive Vice President/Chief Credit Officer of AmericanWest Bank (the Bank), a wholly-owned subsidiary of AmericanWest Bancorporation
(AWBC).
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|B. | Mr. Shamberger has performed well on behalf of AWBC and the Bank, and AWBC wishes to incent him to remain with the Bank and/or AWBC for the near future and reward him for his
continued good performance by granting him, in addition to his regular salary and such other compensation as may be granted him from time to time, performance shares in AWBC pursuant to the terms and conditions set forth herein.
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GRANT AGREEMENT



|1. | Effective June 6, 2005, AWBC grants Rick Shamberger Seven Thousand Five Hundred (7,500) shares of AWBC common stock (the Performance Shares) as a Performance Stock award
under AWBCs 2001 Incentive Stock Plan. Ownership in such Performance Shares shall vest on January 2, 2010 (the Vesting Date) only in accordance with the following conditions:
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| | (a) | Mr. Shamberger is continuously employed by the Bank and/or AWBC through December 31, 2009.
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| | (b) | For each full calendar year between January 1, 2005 and January 1, 2010 for which AWBC has a Return on Average Assets of less than one percent (1.0%), twenty percent (20%) of the
Performance Shares that otherwise would have vested on the Vesting Date shall lapse and all of Mr. Shambergers rights thereto shall thereupon cease.
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| | (c) | Except as otherwise provided in Section 2, no rights in any of such Performance Shares, earned or unearned, shall vest in Mr. Shamberger or in anyone claiming by or under him until
January 2, 2010, at which time all right, title and interest in and to all Performance Shares earned pursuant to the conditions set forth in this Grant shall vest in Mr. Shamberger.
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| | (d) | Notwithstanding any other provision of this Section 1, and except as otherwise provided in Section 2, all of Mr. Shambergers rights to vesting in the Performance Shares shall
cease upon the termination of his service for any reason as an employee from both the Bank and AWBC prior to the Vesting Date.
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|2. | If Mr. Shamberger terminates his employment for Good Reason or is terminated without Cause (as Good Reason and Cause are defined in that certain Employment
Agreement between Mr. Shamberger, AWBC and the Bank dated as of June 6, 2005, there will be an immediate acceleration of vesting of all Performance Shares granted hereunder.
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|3. | This Grant supersedes and replaces any grant of Performance Shares which may have been made on or after January 1, 2005 to the date hereof, which prior grant, if any, is hereby null
and void.
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Agreed to as of June
6, 2005:



|                                     |  |  |  |                    
|------------------------------------ |  |  |  | -------------------
|                                     |  | 
|/s/ Robert M. Daugherty              |  |  |  | /s/ Rick Shamberger
|Robert M. Daugherty, President & CEO |  |  |  | Rick Shamberger    
|AmericanWest Bancorporation          |  |  |  |