SOURCE: CommerceWest Bank

February 27, 2008 19:02 ET

CommerceWest Bank Opens a New Los Angeles Regional Office

IRVINE, CA--(Marketwire - February 27, 2008) - CommerceWest Bank (OTCBB: CWBK) announced the opening of its fourth regional office in Arcadia, California on Wednesday, February 27, 2008. The Los Angeles Regional Office is located at 301 E. Foothill Boulevard in Arcadia, California. "We are excited about the expansion of our fourth regional office to add to our footprint in Southern California," said Chairman and CEO, Ivo A. Tjan. "We believe that this location fits well within our strategic growth plans for the organization."

The Los Angeles Regional Office of CommerceWest Bank is open for business. The staff of the Los Angeles Regional Office is very enthusiastic and ready to begin offering CommerceWest Bank's unique and competitive products and services to business clients in this region. CommerceWest Bank's Signature Services range from complimentary concierge, 48-hour turnaround for loan proposals, to Remote Deposit Solutions, which allows checks to be deposited in the convenience of the business's office; our team is ready to make a difference in this community.

About CommerceWest Bank:

CommerceWest Bank opened its doors in late 2001, with one regional office in Orange County. Since that time, the Bank has expanded into the Inland Empire, the South Bay, and now Los Angeles. The Bank turned a profit in only its second full year of operations, and has experienced strong asset growth. The Bank had $45 million in assets at the end of 2002 and reached $250 million in assets at the end of 2006, its fifth year of operations. Capital ratios for the Bank remain above the levels required for a "well capitalized" institution as designated by regulatory agencies.

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
    E-mail: Email Contact
    Website: www.cwbk.com
    "Bank on the Difference"