Bank of the West 2008 Annual Report Download

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2 0 0 8 A n n u a l Repor t

Table of contents

  • Page 1
    2008 Annual Report

  • Page 2
    ... the West was ranked highest in the West region encompassing California, Oregon and Washington, which represent nearly half of the bank's consumer and business households. Greenwich Associates Bank of the West was awarded eight national and regional awards of excellence by financial consulting and...

  • Page 3
    ...2008 2007 2006 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...dollars in millions) 06 07 08 T OT AL LO AN S A ND LE AS E S (dollars in millions...

  • Page 4
    ... for ranking "Highest in Customer Satisfaction among Retail Banks" in California, Oregon and Washington. Bank of the West was also honored in 2008 with eight separate top awards in middle-market business banking by Greenwich Associates, a highly respected financial services consultancy. of...

  • Page 5
    ... to upgrade customer information management, allowing us to now better understand, anticipate and meet our customers' financial service needs. Bank of the West continued to invest in low- and moderate-income housing, provided more credit to businesses and individuals in underserved communities, and...

  • Page 6
    ... 4 Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin and Wyoming. Representative offices in New York, Taipei and Tokyo provide support for our international customers. Serving Our Customers Our retail banking network offers personal...

  • Page 7
    ... of the West's service culture. They are customer service representatives, relationship managers, home mortgage consultants, financial advisors, branch tellers, loan officers, private bankers and wealth management advisors. Along with the thousands of employees who support the bank's operations, our...

  • Page 8
    ..., through online banking or by banking on the phone, customers can choose a point of access to their money or account information. Our branches and ATMs are situated in convenient locations. In 2008, we added branch locations in Arizona, California, Idaho and Utah to better serve growing communities...

  • Page 9
    ... by businesses added new measures of safety for customer accounts. • Individual Retirement Accounts, including money market IRAs and flexible term IRAs • Consumer loans and lines of credit • Private Banking services • Pacific Rim Banking services with multilingual bankers • Auto leases...

  • Page 10
    ... dealers, we have expanded our offerings to include commercial banking products dealerships need and inventory financing through our specialized Dealer Financial Services. Fulfilling Mark Stecker and Amanda Weiland turned to Bank of the West in Des Moines, Iowa, for a mortgage on their first home...

  • Page 11
    ... investment management, Trust services, business solutions such as succession planning, income tax and estate planning, insurance and risk management and portfolio analysis. To better manage its long term investments, Mesa State College in Grand Junction, Colorado, turned to the bank's Denver-based...

  • Page 12
    ... small companies and entrepreneurs with business checking accounts, cash management products, credit cards, electronic deposit service, lines of credit, loans, leases, investment products and private banking services. Equipment leasing, inventory flooring plans and other commercial banking products...

  • Page 13
    ...of the West's Small and Medium Enterprise Banking Services: • Business checking accounts to meet the needs of any size business • Online banking through our customizable business service WebDirect • Free business debit card • Free telephone banking • Loans and lines of credit • Equipment...

  • Page 14
    .... Cash management and commercial credit cards, capital markets (foreign exchange, fixed income, derivatives), trade finance, and depository products complement the bank's offering. Syndication is available for larger credit needs. Bank of the West in 2008 financed projects ranging from a California...

  • Page 15
    ... and uncertainty, commercial deposit flows to the bank included a significant flight to quality. One multinational customer based in Portland, for instance, moved more than $125 million from a national brokerage into Bank of the West money market accounts when a bank fixed income specialist...

  • Page 16
    ... has created difficulties for most real estate lenders, but Bank of the West's Real Estate Industries division had successful new undertakings in 2008, including the lead syndication role and partial 14 devote their expertise to a national niche business supporting established churches. One of the...

  • Page 17
    ... institutions specialization • Cash management and commercial credit cards • International trade finance 15 Commercial Products Supplement Credit Supplemental financial products like foreign exchange are a key part of Bank of the West's offering. Long-term San Diego customer General Atomics...

  • Page 18
    ... and commercial buildings in that area. Significant loans made by the bank's church lend- Serving With Enthusiasm Throughout 2008, employee volunteers built homes for Habitat for Humanity and Rebuilding Together in Omaha, Wichita, Des Moines, Denver, Tucson, San Francisco, and Los Angeles. They...

  • Page 19
    ing division benefited low- and moderate-income people and geographies. Wyoming's Cheyenne Frontier Days, the world's largest outdoor rodeo. Thousands enjoyed the historic Women Impressionists art exhibit at the San Francisco Palace of the Legion of Honor, made possible in part by the bank's ...

  • Page 20
    ...Management Group Vanessa Washington Senior Executive Vice President General Counsel and Secretary John Wojcik Executive Vice President Chief Financial Officer Donald Duggan Senior Executive Vice President Chief Information Officer Paul Wible Senior Executive Vice President National Finance Group...

  • Page 21
    ...Commercial Banking Group Risk Manager Mark Glasky National Banking Division Martin Resch Financial Modeling Brad Grubb CEO, BancWest Investment Services, Inc. Randy Roberts Central Operations Ted Dunn Syndications James Hanna Chief Technology Officer Michael Robinson Central California/Nevada...

  • Page 22
    ... Group Bank of the West Vice Chairman President & COO (retired) Lockheed Corporation Donald A. Pelton Senior Executive Vice President (retired) Bank of the West Stuart A. Hall Bernard Brasseur Risk Manager (retired) Bank of the West President & CEO (retired) Liberty Northwest Michael Shepherd...

  • Page 23
    ... banking offices in 19 states - 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...

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