Bank of the West 2013 Annual Report Download - page 6

SEMIFREDDI’S
From their youthful beginnings in 1984 in a 450-square
foot bakery in Kensington, California, family-owned
Semifreddi’s has grown into one of the premier artisan
bakeries in the San Francisco Bay Area. Semifreddi’s
sources top-notch ingredients from around the world,
reflecting their passionate commitment to providing
exceptional breads and pastries, stellar service and great
value for their customers.
Today, Semifreddi’s 33,000-square foot bakery in Alameda
produces 210,000 handcrafted loaves of bread and 40,000
pastries each week. Their breads and pastries are delivered
to local markets, restaurants and cafés seven days a week.
Semifreddi’s state-of-the-art, sustainably-designed space—
which relies on solar lighting and recycles 95% of its
generated waste—has become a destination for other
bakers around the world. They are drawn to the beauty
and design of the bakery, and to the strong work ethic
and team orientated culture of Semifreddi’s. What’s more,
the company donates over $500,000 in fresh breads and
pastries to numerous non-profits in the Bay Area. The
owners continue the company’s philanthropic efforts
through their work on various non-profit boards.
Small & Medium
Enterprise Banking
Semifreddi’s search for a responsive banking
partner led them to Bank of the West in 2011.
Our personal approach to client service,
competitive rates and flexible loan offerings
secured the relationship. Since then, we
have provided commercial services, cash
management, credit card and merchant
services for the company, as well as personal
banking services for the owners.
“The defining difference in any
business is service. We have very high
expectations in that regard, and Bank
of the West has exceeded them on
every count. I’m very happy with the
decision to bring our business here.”
— Tom Frainier, CEO and President, Semifreddi’s
283%
Growth in small business
lending since 2010