Bank of the West 2006 Annual Report Download

Download and view the complete annual report

Please find the complete 2006 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.

Page out of 24

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24

Table of contents

  • Page 1

  • Page 2
    ... Minnesota 32 banking locations Wisconsin 4 banking locations Missouri 13 banking locations Wyoming 27 banking locations Includes Branches, Commercial and Corporate Banking Offices, Agribusiness and Real Estate Industries Offices Nebraska 57 banking locations Nevada 13 banking locations New...

  • Page 3
    Financial HIGHLIGHTS (dollar amounts in thousands) 2006 $ 1,601,285 541,715 1,170,... Net interest income Total noninterest income Total noninterest expense Net income Return on average assets Total assets Total loans and leases Total deposits Stockholder's equity Total risk based capital ratio 1

  • Page 4
    ... centers: Albuquerque, Denver, Fargo, Los Angeles, Omaha, Portland, Sacramento, and San Francisco. We have also located representatives of our major product lines in each regional center, working closely with relationship managers to provide SBA credit, cash management, equipment financing...

  • Page 5
    ... opening of new branches in Idaho, New Mexico, Oregon and Minnesota. In Omaha, we completed construction of the Bank of the West Business Park by mid-year to accommodate our growing administrative and back office support units. COMMUNIT Y SUPPORT MANAGEMENT TRANSITION Two key, long-term vice...

  • Page 6
    .... Bank of the West has more than 700 branch, commercial and specialty business locations in 19 states: Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming...

  • Page 7
    ... Commercial Relationship Banker, OK While relationship banking typically describes customer and banker contact, it also represents an internal dynamic among our bankers, business lines, product and specialty service groups as well as the back office functions that provide customer support...

  • Page 8
    ... jump-start a dream or a middle market corporation in need of online cash management, equipment leasing and specialized credit or syndicated lending services, Bank of the West is ready and able. Our commercial bankers serve larger mid-sized companies in all industry segments. On this larger...

  • Page 9
    ... developed a full service relationship including credit facilities and a range of supporting products." -Bank of the West Relationship Banking Team Vince Cohee, Shikha Rehman, Ted Dunn, Los Angeles, CA customers benefit from the broad spectrum of property types the bank finances - retail, office...

  • Page 10
    ...public agency financier, Bank of the West also has expertise in arranging bond issues for long-term debt. Besides basic credit and deposit options, Bank of the West offers a variety of specialized products and services to meet the needs of mid-sized commercial customers and small businesses...

  • Page 11
    ...We offered competitive pricing and rates on financing and deposits. We also explained how our cash management products could help their business operate more efficiently." -Bank of the West Relationship Banking Team James Wernli, Wichita, KS; Francis Abella, Walnut Creek, CA; Carol Latoza, Omaha, NE...

  • Page 12
    ... began with an equipment lease. Bank of the West then provided financing for the company to expand its manufacturing capacity. We now service the company with our WebDirect online banking product for businesses and provide an operating line of credit. Real estate loans have allowed J. Lieb...

  • Page 13
    ... requiring operating capital, construction financing or equipment on an expedited basis. Personalized service combined with competitive pricing convinced River Mountain Manufacturing in Frisco, Colorado, to use BusinessLink and apply for a line of credit and commercial real estate loan. The...

  • Page 14
    ...679 branch banking locations, banking online (www.bankofthewest.com) or by phone, Bank of the West customers can select from a variety of personal checking and savings options, debit and credit cards, mortgage and home equity credit, consumer loans and lines of credit, investments, insurance...

  • Page 15
    ...personal and commercial banking products and services, mortgage and construction financing, wealth management services, investments and insurance. Many of our Private Banking clients initially bank with us as a small business banking relationship. Such is the case of a Salt Lake City, Utah...

  • Page 16
    ... is our relationship with Paul Taylor, a consumer banking customer in Brentwood, California, who chose Bank of the West for his business banking needs when he opened a small cabinet making business in 1997. Today, with a 50% annual growth rate, Precision Cabinets is the largest employer in...

  • Page 17
    ... West provides specialized products and services through indirect or subsidiary channels, that is, through brokers or dealers whose own customers are the end users of these products. Consumer Finance: Bank of the West provides indirect lending for autos, recreational vehicles and pleasure boats...

  • Page 18
    ...Valley-Santa Clara and San Mateo counties. The bank has provided $3.3 million in funding for LCD since its inception, and Bank of the West executives also serve on LCD's loan committee and board of directors. Power Community Development Corporation uses a Bank of the West line of credit to...

  • Page 19
    ... City, Omaha and Des Moines. • Ongoing major support for Operation Hope's "Banking on Our Future" financial literacy program in Los Angeles, Oakland, Denver and Portland public schools, including providing volunteer banker/teachers who explain basics of personal finance. Funding for 2006...

  • Page 20
    ... CEO William Even Senior Executive Vice President Chief Credit Officer Vanessa Washington Senior Executive Vice President General Counsel and Secretary J. Michael Shepherd President and Chief Operating Officer Susan Fowler Executive Vice President Human Resources Norma Waters Executive Vice...

  • Page 21
    ...George Stanfield Executive Vice President Southwest Division Lori Rivers Senior Vice President Consumer Product Services Bruce Heysse Executive Vice President Consumer Finance Direct Lending Roger Sturdevant Executive Vice President Agribusiness Banking Michael Stead Capital Markets Director 19

  • Page 22
    ... Vice President (retired) Bank of the West Francois Dambrine Head of U.S. Retail Banking BNP Paribas Pierre Mariani Executive Vice President International Retail Banking and Financial Services BNP Paribas Gerard Denot Vice Chairman Commercial Banking Group Bank of the West J. Michael Shepherd...

  • Page 23
    ...- Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Oklahoma, Oregon, Nevada, New Mexico, Nebraska, North Dakota, South Dakota, Utah, Washington, Wisconsin and Wyoming. Founded in 1874, Bank of the West originates commercial, small business and consumer loans...

  • Page 24
    180 Montgomery Street San Francisco, CA 94104 925.942.8300 www.bankofthewest.com