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Quick Facts

Phone Number:
1-800-488-BANK (2265
Bank Website:
bankofthewest.com
Assets Managed:
$63.58 Billion
Headquarters:
San Francisco, CA
Date Established:
January 1st, 1874
Equal Housing Lender / Member FDIC
Bank of the West

Profile Information:

Bank Headquarters San Francisco, California, United States
United State
Stock Symbol: BAC
CEO: Michael Shepherd

The Bank of the West is a full service bank catering mainly to the Western states of America. Despite having its roots in the state of California, the bank is now wholly owned by the French corporate BNP Paribas (BNPP). Bank of the West is the third largest bank in the Western United States in terms of commercial banking. The bank has a network of over 700 retail and commercial locations in the West and as of 2007 the bank employed over 11,000 people to work within the company.

The bank itself is split into two different divisions, these divisions are the commercial banking group and the regional banking group; the latter provide consumer and commercial banking services and products. The commercial banking group serves companies with annual revenues of more than $50M. This form of elite banking requires an intricate network of specialized expertise and customized product solution, which the bank provides. When it comes to lending money the bank focuses its lending on residential mortgages and consumer loans, which together make up about half of its loan portfolio.

In the beginning of the banks history the bank was originally set up as the Farmers National Gold Bank of San Jose in 1874, however this was one of the last changes with the bank before the movement of the French bank Banque Nationale de Paris, which changed the landscape of banking in California. With the introduction of the French bank in the 1970’s the bank changed its name to the current version of Bank of the West. When the Banque Nationale de Paris acquired Bank of the West in 1979, the bank was then merged with the French Bank of California. Many acquisitions by the parent company later through the 1980’s and 90’s, notably the buying of 15 branches from competitor Citibank in 1993 and branch purchases from the Bank of America in 1997, the bank slowly took a larger market share in the Californian banking industry.

In the recent financial crisis, the Bank of the West was one of the few banks to make a profit over the years of the financial crisis. In 2008 the banks revenue went up $2.62B and its net income went up $92M, which was in stark contrast to many other large banking institutions in the United States at the time. This has allowed the banks relationship with its customers to remain strong without the fear of losing money. The conservative nature of the management of the Bank of the West has meant that it has continued to expand using a business model that lets the bank make service-focused decisions about prudent conservative banking.

The bank also has a strong morality about it, through contributions in the form of volunteerism, charitable giving, and sponsorships in the states that the banks are located. A bank that respects diversity and the environment is on a fast track to understanding the changing nature of the financial world. In a world in which attitudes are changing about everyday life, it means that the same attitudes will be changing the way the customers think about there money; Bank of the West seems one step ahead of others in realizing this.






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Recent Banking Questions

how to get my banking imformtion how to use online banking i have a money order from this bank and i live in the united states. where can i cash it. I have some cd's that belong to a deceased grandmother. How can I find out if they have been cashed? Is it legal for a bank to take a payment for my mortgage out of my checking account without my permission? The bank then charged insufficient funds charges for each of the four checks that were not covered because of that. They also have software that caused the checks to be returned up to four times automatically. I could not even stop the checks from being redeposited again by the payee. do you have banking located in washington D.C. or bltimore, or philidelphia? any banks in puerto rico offer free checking? Need Acct Info on Acct opened in 1986 at Peoples Bank in Nutley Is there free checking... and how do I open an account what is exactly operational research I'm trying to find a Peoples Bank around Hillsboro Ohio How do you get back your own money, from what's now a share account?! I thought that I had 600.00 in my checking account and i have found out i don't but I have wrote 530.00 in checks. Do i have overdraft protection? free checking account opening