SOURCE: Western Commercial Bank

Western Commercial Bank

June 11, 2009 17:46 ET

Western Commercial Bank Announces New Employee -- Robert W. Kagy -- Senior Vice President

WOODLAND HILLS, CA--(Marketwire - June 11, 2009) - Western Commercial Bank (OTCBB: WCBH), located at 21550 Oxnard Street, Suite 100, Woodland Hills, California, announced the hiring of Robert W. Kagy as Senior Vice President, Regional Manager.

Bob has an extensive background in business banking in the San Fernando Valley working with small to medium size businesses throughout the area since 1979, having been most recently with First Private Bank & Trust and Encino State Bank. He has a multifaceted expertise in commercial lending and is adept in all phases of business financing and commercial real estate.

Mr. Kagy is well-known to many businesses in the Valley having lived here for over 30 years. He has served in numerous capacities as a senior officer of banking institutions including being the founding CEO of American West Bank which was sold to U.S. Bank in 1996. Bob has been a member of the North Valley Regional Chamber of Commerce, the Encino Chamber of Commerce and Porter Valley Country Club for many years. He has a Bachelor of Science Degree in Finance from USC and a graduate banking degree from Pacific Coast Banking School at the University of Washington. Bob is married and lives in Porter Ranch.

Carl W. Raggio, President and CEO, commented, "I am very pleased to have Bob join our management staff. He has over 30 years of middle market deposit and lending experience and knows our market very well. Bob is a respected community member and we think an excellent addition to our team."

Forward-looking statements, by their nature, are subject to risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. Forward-looking statements speak only as of the date they were made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances that may occur after the date that forward-looking statements are made.

The Bank offers a comprehensive selection of business deposit and loan products, cash management services as well as SBA-guaranteed loans. The Bank is not involved in any of the sub-prime products.

The Bank provides financial services to small and mid-sized businesses, entrepreneurs and professionals in the San Fernando Valley, with special expertise in commercial real estate finance.

Regular office hours are Monday through Friday, 9:00 a.m. until 4:00 p.m.

Information on the Bank's services is available by calling (818) 449-7700 and online at www.westerncommercialbank.com. Information on the Bank's stock may be obtained from Carl W. Raggio, III, President and Chief Executive Officer, at (818) 449-7700. The stock trades on the OTC Bulletin Board.

Contact Information

  • Contact:
    Carl Raggio
    President & Chief Executive Officer
    (818) 449-7711