SOURCE: CommerceWest Bank

June 23, 2008 16:06 ET

CommerceWest Bank Named as One of the Friendliest Banks to Small Businesses in Orange County, California

IRVINE, CA--(Marketwire - June 23, 2008) - CommerceWest Bank (OTCBB: CWBK) was named as one of the friendliest banks to small businesses in Orange County, California as reported in the Orange County Register. The Bank was ranked as one of the highest among Orange County-based lenders in small-business lending, according to a report released last week by the Office of Advocacy with the U.S. Small Business Administration. The scores are a combination of data, including the ratio of small business loans to the total assets and total loans. Biggest lenders are rated separately.

"Small business survival depends on access to adequate capital for startup and expansion," said Dr. Chad Moutray, chief economist for the Office of Advocacy. "This annual lending report gives small businesses and financial institution the hard data they need about the availability and use of credit in their markets."

"CommerceWest Bank was founded to meet the needs of small businesses, which is typically an underserved market," said Ivo A. Tjan, Chairman and CEO. "Our culture mandates that we give ALL of our clients the same service regardless of their size. Our clients have come to expect high-quality, low stress and personally tailored banking and financial services from our team."

About CommerceWest Bank:

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 the South Los Angeles area at 19300 South Hamilton Avenue in Gardena, CA and 301 E. Foothill Blvd., Arcadia, 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, commercial real estate lending, SBA lending, 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.

Contact Information

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