Press Release


Los Angeles, Calif. | Dec 13, 2011

|

Bank of the West Hosts 17th Annual Pacific Rim Dinner

Customer appreciation event honors bank partnerships

Bank of the West hosted its annual appreciation dinner for more than 400 customers who were invited as clients of the Bank's Pacific Rim Banking Division. In addition to retail and wealth management, the Pacific Rim Division has a large commercial portfolio, including Asian immigrant and Asian American entrepreneurs and business owners who have operations in both the United States and in Asia. Additionally, the Pacific Rim Division maintains corporate banking relationships with U.S. subsidiaries of Japanese corporations.

Bank of the West Chairman and CEO Michael Shepherd provided welcoming remarks and thanked customers for their business. He noted that despite challenges in the financial services industry and the U.S. economy, Bank of the West continued to grow and serve its clients with award-winning customer service.

"The strength of our bank allows us to remain a reliable financial associate to our valued Pacific Rim Banking customers," said Shepherd. "Throughout these challenging economic times, Bank of the West has continued to lend - helping our clients and communities grow. Our commercial loans are up from a year ago and small business branch lending has nearly doubled in the same period."

President and COO Maura Markus discussed the importance of a dedicated Pacific Rim Division in relation to its Asian communities and business associates. 

"Bank of the West is strongly committed to the Asian and Asian American clients with whom we work and our customers know they can depend on us to understand the issues and opportunities that are unique to the Asian market," said Markus. "We're honored our Pacific Rim customers choose us to be their banking provider. We look forward to the opportunity to provide financing and financial services that can help them achieve their personal and business goals."

Executive Vice president and Head of the Pacific Rim Banking Division Yukinori Nishio remarked that the division continues to perform well. Within the division, loans have increased by 5 percent year-to-date and core deposits have grown by 4.7 percent compared to the same period in 2010.

Through Bank of the West's Pacific Rim Banking Division, Asian and Asian-American individuals and businesses are offered a full range of business, corporate, personal and international banking services by 150 bilingual relationship managers who focus on the Pacific Rim. In addition to English, they conduct business in Mandarin, Cantonese, Taiwanese, Japanese, Korean and Vietnamese. Through representative banking offices in Chicago and New York and corporate banking offices in select California cities, the Bank's clients, who may have operations in the United States and Asia, can access credit and deposit services - including cash management, foreign exchange, trade finance and other banking services.

To serve a growing number of U.S. subsidiaries of Asian-based companies, Bank of the West operates representative offices in Tokyo and Taipei. BNP Paribas China's International Business Development Desk can provide for the banking needs in China of subsidiaries of Bank of the West's customers. 

About Bank of the West: 
Founded in 1874, $61 billion-asset Bank of the West (www.bankofthewest.com), member FDIC, offers a full range of personal, commercial, wealth management and international banking services.  As of September 30, 2011, the bank operates more than 700 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, one of the world's largest and best rated banks* with more than 200,000 employees in more than 80 countries.
*Rated AA- by Standard & Poor's as of December 5, 2011

Media Contact: Lily Ruiz
Corporate Communications, Bank of the West
Office: (415) 765-4850
lily.ruiz@bankofthewest.com

|

Media Contacts

  • Jim Cole
  • Corporate Communications
  • Phone: (415) 399-8268
  • Cell: (415) 577-2639
  • Fax: (415) 399-8241
  • E-mail: jim.cole@bankofthewest.com
  • Address: 180 Montgomery Street
  • San Francisco, CA 94104
  • Joel Nathanson
  • Social Media
  • Phone: (415) 399-8286
  • Cell: (415) 722-9722
  • Fax: (415) 399-8241
  • E-mail: joel.nathanson@bankofthewest.com
  • Address: 180 Montgomery Street
  • San Francisco, CA 94104
  • Lily Ruiz
  • Corporate Communications
  • Phone: (415) 765-4850
  • Cell: (415) 846-7494
  • Fax: (415) 399-8241
  • E-mail: lily.ruiz@bankofthewest.com
  • Address: 180 Montgomery Street
  • San Francisco, CA 94104