SOURCE: CommerceWest Bank

October 17, 2008 18:48 ET

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

IRVINE, CA--(Marketwire - October 17, 2008) - 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.

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"