OC Business Journal

The Best Business Bank in California

By Ivo A. Tjan, CEO CommerceWest Bank

CommerceWest Bank is determined to redefine banking for small and mid-sized businesses in California. Many businesses do not realize they qualify for a customized loan, treasury management product and/or checking account that is tailor made to meet their specific needs. Our Bankers provide flexibility, servicing owners and catering to their particular business and individual banking needs. We work to accommodate our clients, rather than force our clients to accommodate to us by providing high-quality, low-stress, and personally tailored banking and financial services. As a full-service business bank, we offer a wide range of commercial banking services, remote deposit solutions, online banking, mobile banking, lines of credit, working capital loans, commercial real estate loans, SBA loans, and treasury management services. By employing a strategically selected team of experienced professionals, we carefully shepherd the assets with which we are entrusted. In the process of doing so, we maximize the financial potential of our clients, ensure the stability of our institution, and deliver on the promise to our clients and employees.

“All Banks are not created equal and bigger is not always better.”

Our forward-thinking approach to business, navigated our company to be named to the 2023 Best 50 List (an annual ranking of the top 50 U.S and international companies traded on the OTCQX market), to be awarded the 2022 Top 200 Publicly Traded Community Banks by American Banker, the 2020 Community Bank of the Year, one of the first Banks in the nation to fund a PPP loan and one of the first lenders in the country to be approved to participate in the Main Street Lending Program (MSLP), which lead CommerceWest Bank to rank as the #1 Bank in the State of California for MSLP funded loans ($390 million).

2022 was another record year for the company amidst a period of great economic uncertainty. And we continue this well into 2023 by actively managing credit risk, expanding our client base, and bringing on new talented employees to our team. Our fortress balance sheet and business model continue to be sources of economic strength for our business community, employees, and shareholders.

About the Bank “Bank on the Difference”

It is prudent for businesses to have a long-term banking Partnership that is safe and secure. CommerceWest Bank is FDIC insured and operates with a Fortress Balance Sheet, Strong Liquidity and Strong Capital Ratios that are well above regulatory required levels. The Bank is simply built to last!

CommerceWest Bank services our clients by providing them advanced and convenient banking tools to free up their time. Our goal is to promote a partnership where we cater to our clients’ needs by providing exceptional service, whether it be in person, via phone, zoom, email, online or through mobile banking. We take pride in knowing that our team can and has accomplished this while providing a tailored and personalized experience for each client, without them physically coming into an office. It is clear this is the future of Banking.

About our Culture

Our Bank embodies a culture of Bankers whose only objective is to deliver unparalleled service to the business community versus being all things to all people like most banks today. By being all things to some people, CommerceWest Bank can provide customized and personally tailored banking services to businesses and their owners throughout California.

Our Bankers are experienced market leaders with a proven track record advising business owners and C-Suite Executives. Their passion for banking-and commitment to being stewards of the funds they are entrusted-has built a solid and stable foundation. Business owners trust our knowledge in evaluating their financial service needs and advising them on ways to save time, increase operational efficiencies and enhance their cash flow by providing them with the credit facilities and treasury management services they need to help them grow their companies and protect their assets. Our Bankers take a deep approach to understanding financial conditions and trends to create a long-term customized solution.

Committed to our Community

In 2022, the Bank celebrated 21 years of service. While some Banks are leaving the California marketplace or closing their doors for good, CommerceWest Bank remains fully committed to our community. With the 2021 move to a larger Corporate Headquarters in Irvine, it has accommodated our unprecedented growth. This larger footprint enables us to continue growing for years to come.

We are committed to making a difference supporting the community. In the spirit of service, tens of thousands are raised annually for Southern California nonprofits, primarily focusing on children and individuals with disabilities, those experiencing a hardship in their life, and those battling life threatening diseases. As a result, CommerceWest Bank was named a “Company That Cares” by the Orange County Business Journal.

These are exciting times for our company, our team, and our shareholders. Our future is bright. Our goals are clear. We know that it is more important than ever to be able to count on your banking partner and we plan to continue to prove to the business community who the Best Bankers are in California.

Ivo A. Tjan, Chairman & CEO

Ivo A. Tjan is Chairman, President and CEO of CommerceWest Bank. He has been recognized by the Los Angeles Times as a 2022 Orange County Visionary and named in the OC500 Directory of Influence by the Orange County Business Journal. The Bank is headquartered in Irvine, California and serves businesses throughout California. He can be reached at itjan@cwbk.com or (949) 474-5278.

THE LIST

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2023-02-06T08:00:00.0000000Z

2023-02-06T08:00:00.0000000Z

https://ocbusinessjournal.pressreader.com/article/282218014939057

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