SOURCE: CommerceWest Bank

September 20, 2007 18:27 ET

CommerceWest Bank Announces the Creation of a New Product -- CommerceWest Technology Solutions (CTS)

IRVINE, CA--(Marketwire - September 20, 2007) - CommerceWest Bank (OTCBB: CWBK) announced today the launch of a new technology product. Because technology is a vital component for today's businesses, CommerceWest Bank has created CommerceWest Technology Solutions ("CTS"), a dedicated technology partner catering specifically to CommerceWest Bank's clients.

CTS will offer a variety of services including:

--  Server and desktop computer setup
--  Wireless email services
--  Anti virus and SPAM filtering solutions
--  Secure wireless networking configuration
--  Monthly maintenance programs
    

"This product is an excellent complement to our business banking model," says Chairman and CEO, Mr. Ivo Tjan. "Today's businesses rely heavily on technology; as their trusted business partner, we can continue to expand our relationship with our business clients by servicing and providing technology solutions that will enhance their productivity and ensure their continued success."

This is the latest innovative product that the Bank has brought to market. Nearly two years ago, the Bank was one of the first to the market place with its Remote Deposit Solution ("RDS"). RDS allows clients to deposit checks, 24 hours a day, 7 days a week, from their desktop. This is an ideal product for reducing float and increasing liquidity, as well as keeping employees on site, rather than driving to, and waiting in line, at a traditional bank branch. "The bank's goal is to have a minimum cross sell ratio of 4 products per client," commented Mr. Ivo Tjan.

CommerceWest Bank has a unique approach to banking. The Bank's business model focuses exclusively on business banking. CommerceWest Bank is in business to bank businesses. As such, the Bank structures financing and tailors cash management products to meet the needs of the individual business and business owner -- the Bank does not supply one-size-fits-all products. Staying pure to the Bank's business banking model, CommerceWest Bank does not make residential loans, construction loans, and speculative home or land development loans.

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 Los Angeles area at 19300 South Hamilton Avenue in Gardena, CA. We offer a wide range of commercial banking services, including full cash management, concierge services, remote deposit solutions, full-service internet banking, lines of credit, term loans, nation wide commercial real estate lending, SBA lending and mortgage, title, escrow cash management services and now technology solutions.

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.

Contact Information

  • Bank Contact:
    CommerceWest Bank, N.A.
    Adrian S. Darmawan
    Telephone: (949) 251-6959
    Fax: (949) 251-6957
    E-mail: Email Contact