SOURCE: CommerceWest Bank

November 16, 2006 18:07 ET

Orange County Banker Tapped to Serve on American Bankers Association Council

IRVINE, CA -- (MARKET WIRE) -- November 16, 2006 -- CommerceWest Bank (OTCBB: CWBK) -- Ivo A. Tjan, Chairman and CEO of CommerceWest Bank, has been appointed to serve on the American Bankers Association's Community Bankers Council.

Comprised of approximately 100 bankers from all 50 states, the Council meets twice a year to provide input to the Association on issues affecting the nation's community banks. Members are from financial institutions generally under $1 billion in assets.

The first meeting of the 2006-2007 council was held October 22-24 at the historic Mayflower Hotel in Washington, D.C.

Council members discussed the public policy issues surrounding competition from large, non-traditional credit unions and the Farm Credit System. They also heard updates on the Congressional elections, the recently ended legislative session and how the newly passed regulatory relief bill will affect their banks.

Council members also met with Members of Congress and Regulatory Agencies to offer the banking industry's view on current banking issues.

"It's an honor to represent my bank and California in this national forum," said Tjan. "These meetings offer a rare opportunity for me to compare our bank's experiences with those in other markets and to brainstorm new approaches to our everyday challenges."

Ivo A. Tjan is Chairman, President and Chief Executive Officer of CommerceWest Bank, N.A., a full service regional commercial bank with a unique vision and culture of focusing exclusively to the business community. Mr. Tjan is the founder of the company and launched an Initial Public Offering in 2001, where the company trades under the stock symbol CWBK. CommerceWest Bank was recognized as one of the top 100 fastest growing companies in the country according to the 2006 Entrepreneur Magazine, PriceWaterhouseCooper's survey; also in 2006 Mr. Tjan was named one of OC Metro's Hottest 25 People of Orange County, California.

Mr. Tjan holds a Bachelor of Arts Degree in Business Administration with an emphasis in Marketing from California State University, Fullerton. He is an active member and board member of several social and charitable organizations. Tjan sits on the board of California State Fullerton University Philanthropic Foundation and is a member of Pacific Club, Generation NeXt, California Bankers Association, ICBA, and Western Independent Bankers, as well as a former member of the board of directors for the Children's Museum. Mr. Tjan also supports a variety of charities in Southern California, like Big Brothers Big Sisters, American Cancer Society, Foundation for Community and Family Health, local schools, and many more.

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

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"

Contact Information

  • Bank Contact:
    CommerceWest Bank, N.A.
    Kathryn F. Williams
    Telephone: (949) 251-6959
    Fax: (949) 251-6958
    E-mail: Email Contact