Bank of the West 2005 Annual Report Download
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2005 Annual Report
Table of contents
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Page 1
2005 Annual Report -
Page 2
...฀Denver Greater฀Omaha Arizona 23฀banking฀locations California 252฀banking฀locations Colorado 99฀banking฀locations Idaho 3฀banking฀locations Iowa 47฀banking฀locations North฀Dakota 9฀banking฀locations Oklahoma 21฀banking฀locations Oregon 32฀banking฀locations... -
Page 3
... (dollar฀amounts฀in฀thousands)฀ 2005฀ 2004฀ 2003 Net฀interest฀income฀฀ Total฀noninterest฀income฀ Total฀noninterest฀expense฀ Net฀income฀ Return฀on฀average฀assets฀ Total฀assets฀ Total฀loans฀and฀leases฀ Total฀deposits฀ Stockholder... -
Page 4
...Nebraska,฀Arizona,฀Colorado฀and฀ Iowa฀as฀it฀served฀to฀introduce฀the฀ Bank฀of฀the฀West฀"Bear"฀to฀Kansas,฀ Oklahoma฀and฀Missouri. Growth฀and฀Expansion •฀ In฀November฀of฀2004,฀we฀acquired฀ Fargo,฀North฀Dakota-headquartered฀ Community... -
Page 5
...฀of฀important฀community฀events,฀whether฀it's฀ Frontier฀Days฀in฀Cheyenne,฀Celebrates฀ America฀in฀Omaha,฀Parade฀of฀Lights฀in฀ Denver,฀Albuquerque฀International฀Balloon฀Fiesta,฀or฀our฀sponsorship฀of฀the฀ Bank฀of฀the฀West฀Classic,฀the... -
Page 6
...680฀branch฀banking฀ locations฀in฀19฀states,฀we฀serve฀4฀million฀business฀and฀household฀accounts฀ in฀Arizona,฀California,฀Colorado,฀Idaho,฀ Iowa,฀Kansas,฀Minnesota,฀Missouri,฀ Nebraska,฀Nevada,฀New฀Mexico,฀North฀ Dakota,฀ Oklahoma,฀ Oregon... -
Page 7
... ofï¬ces฀in฀Walnut฀Creek฀and฀Monterey฀Park,฀CA,฀and฀Fargo,฀ND.฀฀Right,฀our฀Larkspur,฀CA฀branch.฀฀ Bank฀of฀the฀West฀was฀founded฀as฀Farmers฀National฀Gold฀Bank฀in฀San฀Jose,฀ California฀ in฀ 1874.฀ ฀ More฀ than฀ 130฀ years... -
Page 8
...banking฀services. In฀corporate฀banking,฀our฀focus฀at฀Bank฀ of฀the฀West...Oregon,฀Washington฀and฀California,฀ then฀ leases฀ the฀ land฀ back฀ to฀ grape฀ growers฀and฀wineries.฀฀As฀lead฀bank฀for฀ a฀$150฀million฀loan,฀Bank฀of฀the฀West... -
Page 9
...Bank฀of฀ the฀West฀has฀supported฀one฀agricultural฀ customer,฀Hilmar฀Cheese,฀for฀22฀years.฀ We฀began฀our฀relationship฀in฀1983฀with฀ a฀$1.2฀million฀loan.฀฀Today,฀the฀Modesto,฀ California-based฀company฀is฀the฀largest฀single-location... -
Page 10
...฀Technologies,฀of฀Grand฀Island,฀Nebraska. Throughout฀19฀Western฀and฀Midwestern฀states,฀prospective฀customers฀can฀ locate฀experts฀in฀the฀following฀banking฀ disciplines฀by฀visiting฀our฀branches฀or฀ specialized฀banking฀centers฀as฀well฀as... -
Page 11
Corporate Banking Services 9 Sanitation฀and฀recycling฀company฀CR&R฀depends฀on฀Bank฀of฀the฀West฀for฀a฀large฀credit฀facility,฀online฀cash฀management,฀credit฀cards,฀฀ deposit฀services฀and฀a฀personal฀banking฀program฀for฀the฀company's฀600... -
Page 12
...฀ grew฀ its฀ SBA฀ portfolio฀ by฀ 19%฀in฀2005. Small฀business฀clients฀may฀also฀need฀ some฀of฀the฀same฀services฀that฀larger,฀ commercial฀customers฀require.฀At฀Bank฀ of฀the฀West,฀we฀provide฀scalable฀cash฀ management,฀foreign฀exchange... -
Page 13
...with฀a฀working฀ capital฀line฀of฀credit,฀several฀equipment฀loans,฀and฀multiple฀commercial฀ real฀estate฀loans.฀The฀company,฀which฀ makes฀custom฀glass฀shower฀doors,฀ has฀also฀added฀a฀new฀business฀line฀ -฀aluminum฀extrusions.฀฀What... -
Page 14
...Federal฀ Bank฀in฀2005฀added฀dramatic฀growth฀ to฀our฀consumer฀banking฀footprint,฀expanding฀service฀in฀Arizona,฀Colorado,฀ Iowa฀and฀Nebraska฀while฀introducing฀ ฀ the฀Bank฀of฀the฀West฀brand฀in฀Kansas,฀ Missouri฀and฀Oklahoma.฀฀ There... -
Page 15
Consumer Banking Services 13 Bank฀of฀the฀West's฀Omaha-based฀mortgage฀business฀offers฀purchase฀and฀reï¬nance฀loans฀through฀our฀19-state฀branch฀network.฀Bank฀subsidiary฀ Essex฀Credit฀Corporation฀is฀one฀of฀the฀nation's฀largest฀marine฀direct... -
Page 16
...products฀ including฀automobile,฀homeowners฀ and฀ life฀ insurance฀ through฀ 56฀ Bank฀ of฀the฀West฀branches฀in฀Colorado,฀the฀ Dakotas,฀Iowa,฀Minnesota,฀Nebraska,฀ Utah฀and฀Wyoming.฀This฀service฀will฀ be฀expanded฀to฀other฀markets฀as฀we... -
Page 17
...-family฀affordable฀housing฀development฀for฀disabled฀lower-income฀ adults฀ in฀ Stockton,฀ California.฀ In฀ 2005,฀the฀bank฀made฀$465฀million฀in฀ community฀development฀loans฀and฀ ฀ investments฀for฀affordable฀housing,฀ economic฀development฀and... -
Page 18
Supporting our Communities 16 In฀July,฀Bank฀of฀the฀West฀Beach฀Games,฀featuring฀surï¬ng฀championships,฀beach฀volleyball฀and฀other฀competitions,฀is฀celebrated฀in฀Huntington฀ Beach,฀California.฀Kim฀Clijsters฀(right)฀won฀the฀2005฀Bank฀of฀the... -
Page 19
...฀Celebrates฀Ameri- •฀ Bank฀ of฀ the฀ West฀ Beach฀ Games,฀ •฀ The฀San฀Gabriel฀Valley฀Lunar฀New฀ ca"฀features฀a฀free฀community฀concert฀ and฀ï¬reworks฀show฀in฀Omaha's฀Memorial฀Park฀each฀July฀4th฀weekend. •฀ Denver฀Parade฀of... -
Page 20
...฀Shepherd,฀Paul฀Wible,฀Kevin฀Ames.฀฀ Not฀shown:฀James฀Henry. Don฀J.฀McGrath Chairman฀and฀CEO฀ Frank฀Bonetto Vice฀Chairman Regional฀Banking฀Group Gerard฀Denot Vice฀Chairman Commercial฀Banking฀Group Steve฀Glenn Vice฀Chairman Chief฀Administrative... -
Page 21
...Banking...฀Lending฀...California฀Operations Michael฀Robinson Executive฀Vice฀President Valley/Sierra฀Nevada...Banking฀ Strategic฀Planning฀and฀Administration Gina฀Wolley Executive฀Vice฀President Customer฀and฀Branch฀Services Paul฀Woolway Executive฀Vice฀President Corporate... -
Page 22
... Munger,฀Tolles฀&฀Olson฀LLP Isao฀"Steve"฀Matsuura Chairman฀(Retired) Sanwa฀Bank฀California Don฀J.฀McGrath Chairman฀&฀CEO Bank฀of฀the฀West President฀&฀CEO฀ Chairman,฀Executive฀Committee BancWest฀Corporation Donald฀Pelton Senior฀Executive฀฀ Vice... -
Page 23
...681฀branch฀banking฀locations฀in฀19฀Midwestern฀and฀Western฀states฀-฀ ฀ Arizona,฀California,฀Colorado,฀Idaho,฀Iowa,฀Kansas,฀Minnesota,฀Missouri,฀Nebraska,฀Nevada,฀New฀ Mexico,฀North฀Dakota,฀Oklahoma,฀Oregon,฀South฀Dakota,฀Utah,฀Washington... -
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180 Montgomery Street San Francisco, California 94104 (925) 942-8300 www.bankofthewest.com