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Last Post: 5/1/2021 8:17:23 AM - Followers: 3 - Board type: Free - Posts Today: 0

CommerceWest Bank Ranked 3rd Most Profitable Orange County, CA Based Bank

IRVINE, CA, Oct 17, 2008 (MARKET WIRE via COMTEX) -- CommerceWest Bank (OTCBB: CWBK) was ranked the 3rd most profitable Orange County based Bank out of 25 banks according to the Orange County Business Journal in the October Edition. CommerceWest has also been rated as a "5 Star Rated Bank" by Bankrate.com, BauerFinancial, and received a Premier rating from Findley Reports.
"We have been very diligent when it comes to looking out for the assets of both our clients and shareholders, by sacrificing short-term gains for long-term financial strength. We are not only positioned to be in this business for the long haul, we are committed to taking care of our current and future client needs. With the economic headwinds in our industry, we are pleased to announce that it is business as usual. We're attracting more clients and invite other businesses in Southern California to experience 'bank on the difference,'" said Ivo A. Tjan, Chairman and CEO.

Since its inception, CommerceWest Bank has weathered some turbulent market conditions. And while these are troubled times for some, without ties to the mortgage or construction arenas it is business as usual. By adhering to our original strategy, we have avoided the pitfalls that are now plaguing other financial institutions. In a climate when other companies are downsizing, we are expanding both in terms of personnel and geographic markets, a distinctive accomplishment amid today's market turmoil.

CommerceWest Bank is headquartered at 2111 Business Center Drive in Irvine, CA, with Regional Offices in Orange County at 4685 MacArthur Court in Newport Beach, CA, in the Inland Empire at 1611 Pomona Road in Corona, CA, in South Los Angeles at 19300 South Hamilton Avenue in Gardena, CA. We offer a wide range of commercial banking services, including concierge services, remote deposit solution, full-service internet banking, lines of credit, term loans, commercial real estate lending, SBA lending, full cash management and treasury management.

Mission Statement: CommerceWest Bank will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.

Please visit www.cwbk.com to learn more about the bank. "BANK ON THE DIFFERENCE"

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of the United States government and general economic conditions. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained in this release to reflect future events or developments.

Bank Contact
CommerceWest Bank, N.A.
Mr. Ivo A. Tjan
Telephone: (949) 251-6959
Facsimile: (949) 251-6957
Email: Email Contact
Website: www.cwbk.com
"Bank on the Difference"

SOURCE: CommerceWest Bank
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=E52E1D079260BBE1

Copyright 2008 Market Wire, All rights reserved.

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CWBK News: CommerceWest Bank reports Q1 results 04/28/2021 06:25:34 AM
#24   $CWBK CW Bancorp Reports Record First Quarter 2021 AskMuncher 05/01/21 08:17:23 AM
#23   CommerceWest Bank Reports 24% Loan Growth, 47% Non-interest Enterprising Investor 01/31/14 08:43:44 AM
#22   CommerceWest Bank Reports Second Quarter 2013 Net Income Enterprising Investor 07/29/13 11:00:57 PM
#21   CommerceWest Bank Reports First Quarter 2013 Net Income Enterprising Investor 04/23/13 11:00:46 PM
#20   CommerceWest Bank Recognized as a 2013 "Super Premier" vpagano 04/09/13 11:31:35 AM
#19   CWBK Reports Record Full Year Net Income of 56Chevy 02/05/13 12:08:12 AM
#18   CWBK Reports Record Full Year Net Income of Enterprising Investor 02/04/13 11:32:02 PM
#17   Forgot to also mention as capital ratio levels vpagano 11/15/12 02:31:04 PM
#16   Chevy, I think you and EI have created vpagano 11/11/12 08:12:20 PM
#15   HOW HEALTHY IS THIS BANK? 56Chevy 11/10/12 12:38:27 AM
#14   CommerceWest Bank did not take TARP money back 56Chevy 11/08/12 01:16:32 PM
#13   CWBK pps on 11/7/2012 is $9 even. 56Chevy 11/07/12 06:47:28 PM
#12   Financial performance highlights year-to-date: 56Chevy 11/07/12 06:22:11 PM
#11   By staying disciplined to our business model, the 56Chevy 11/07/12 06:10:04 PM
#10   CommerceWest Bank Reports Double Digit Loan and Deposit 56Chevy 11/07/12 05:46:22 PM
#9   Efficiency ratio continues to trend downward. Enterprising Investor 10/14/12 08:20:17 AM
#8   Comparison Data - Impressive trends! 56Chevy 10/13/12 02:19:42 AM
#7   Restated data- 56Chevy 05/31/12 12:20:53 AM
#6   Since December 2011..a double! Another Blue ribbon pup 56Chevy 05/10/12 12:00:46 AM
#5   CommerceWest Bank Reports Earnings Growth of 53% for Enterprising Investor 05/09/12 11:05:09 PM
#4   CommerceWest Bank Announces Stock Repurchase Program 56Chevy 04/09/12 12:44:29 AM
#3   CommerceWest Bank Reports 3Q 2011 Earnings, 31% Increase 56Chevy 12/06/11 06:36:02 PM
#2   Moebs Services Inc., a research firm in Lake 56Chevy 11/20/11 04:44:22 PM
#1   CommerceWest Bank Reports 44% Increase in Earnings, 41% 56Chevy 10/24/11 12:17:41 AM
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