Bank of the West 2005 Annual Report Download - page 12
Download and view the complete annual report
Please find page 12 of the 2005 Bank of the West annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.10
Small Business Banking
Smallbusinessisthebackboneofthe
economyinhundredsofthecommuni-
tiesweserve.
Withmorethan130yearsexperience
incommunitybanking,Bankofthe
Westunderstandstheneeds ofthe
smallbusinessowner.
According to a
leading,indepen-
dentfinancialser-
vices consulting
andresearchfirm,BankoftheWest’s
businessbankersin2005wererecog-
nizedasthebestinthecountry.We
receivedfourGreenwichAssociates
nationalawardsforexcellenceinbusi-
nessbanking.GreenwichAssociates
baseditsawardsoninterviewswith
morethan22,000businessownersin
66marketsnationwide.
Businessbankersthroughoutthebank’s
19-statefootprintofferloansupto$1
millionthroughourBusinessLinkprod-
uct,aquick-responsecreditprogram
targetedtoestablished businesses
andfarmsinneedofoperatingcapital,
constructionfinancingorequipment.
Inaddition,Small BusinessAdmin-
istration(SBA)loanprogramsmake
fundsavailableforfirmsthatdon’tfit
theconventionalmold.AsaPreferred
LenderoftheSBA,BankoftheWest
canexpeditiouslyprocessthesegov-
ernment-guaranteedcreditofferings.
ThebankmakesSBAloansthrough
ourbranchsystemandthroughanet-
workofrepresentativesnationwide.
Activeinsecondarymarketsaswell,
thebank grewitsSBA portfolioby
19%in2005.
Smallbusinessclientsmayalsoneed
someofthesameservicesthatlarger,
commercialcustomersrequire.AtBank
oftheWest,weprovidescalablecash
management,foreignexchange, in-
ternationaltradefinance,equipment
leasing,capitalmarketsproductsand
wealthmanagementservices.Asthey
grow,wematchtheneedsofsmallen-
terpriseswithourflexibilitytoadjust
theproductscaleofdepositaccounts,
creditandothermerchantservices.
BankoftheWestfinancedtheofficeandmaintenancefacilityofMountainViewToursin
Tucson,AZandhasextendedalineofcredittotheluxurytourbuschartercompany.