Bank of the West 2009 Annual Report Download

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Bank of the West 2009 Annual Report

Table of contents

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    Bank of the West 2009 Annual Report

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    relationship The singular force that drives our business

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    ...It's about making the right services available when families, businesses and communities need them. It's about knowing our customers well and staying in touch so we are ready to help when the time is right to buy a home, expand a business or consider a new investment opportunity. Relationship means...

  • Page 4
    ...CEO Bank of the West took many steps in the challenging year of 2009 to add to its strong foundation for safe and sustainable growth. With the support of our corporate parent, BNP Paribas, we continued to invest in enhancing your bank's retail delivery network, online capabilities, wealth management...

  • Page 5
    ... expanding our direct SBA lending at a time when so many small businesses were struggling to find credit. The positive performance of our core businesses, our history of sound credit underwriting, and the support of our strong parent BNP Paribas, allowed us to steadily build our loan loss reserves...

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    ...California, Oregon and Washington region that includes more than half of our personal banking customers. Retired Albuquerque police captain 4 The kind of bank that values our When Nikki Davis and her husband Jeff needed a loan to buy a truck, she turned to us because her employer in Woodbine, Iowa...

  • Page 7
    ...with us in December, 2009. Antioch, California Branch Manager Christine O'Brien, left, with her customer Lindy Maynes at the Lone Tree Branch. finances. Banking with us is easy and hassle-free thanks to our more than 650 conveniently located branches and our broad network of ATMs, which are in the...

  • Page 8
    ... credit cards provided access to the credit our customers needed and helped dealerships thrive in turbulent times. CONSUMER LENDING Even in an unstable housing market, customers in record numbers turned to us to help them buy and refinance homes in 2009. The Schimmel family in Rio Rancho, New Mexico...

  • Page 9
    ... wake of Chrysler's bankruptcy and downsizing. Based on our solid long-term indirect lending relationship with the dealership, we financed the new Hyundai inventory floor plan and began providing cash management services. Kent Sowell is back in business. Steve Pease, National Finance Group, at left...

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    ... estate planning and specialty services such as real estate transaction finance and business succession planning. Faced with the unplanned divestiture of their long-held Chino, California dairy farm through eminent domain for a nearby dam, a 40-year Bank of the West agribusiness customer turned...

  • Page 11
    ..., business and personal accounts and a consumer loan to keep them headed toward their goals. VP Peter Bernstein, Denver Private Banking, and Beci Campisi, owner, at CrossFit Highlands Ranch. INVESTMENTS AND INSURANCE SERVICES Serving the entire 19-state Bank of the West branch network, BancWest...

  • Page 12
    ..., a woman-owned business manufacturing tradeshow displays near Portland, Oregon, needed more space because business was booming. CEO Debra Sears Bergeson knew she could count on us to finance the expansion. She and her husband and company president Roger have personal and business accounts with us...

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    ... acquired a second store and soon after opened a third Santa Fe Mercado. Mendoza has more than a dozen business deposit accounts with us and also uses our credit card. Santa Fe Mercado co-owner Enrique Mendoza with Oakland Main Branch manager Kim Ramirez, at his San Jose store. regional awards of...

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    ... in agribusiness, equipment finance, commercial real estate, government banking and church banking. Our commercial bankers are based in cities throughout our 19-state retail footprint, and we also have a representative office in New York City. Our relationship with our parent, BNP Paribas, provides...

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    ...deep expertise in specialized market segments including agriculture, real estate, government and church banking. Our customers also seek out our expertise in equipment finance, investment services, foreign exchange, global trade, syndication, commercial cards and cash management." Gerard Denot, Vice...

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    ... the first point of contact for new customers, providing transaction and investment solutions prior to a credit relationship. Capital markets, cash management, foreign exchange or global trade are often a company's initial focus, followed by additional products and services as needed. Our objective...

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    ... card customers spent 40% more on their cards than in 2008. We have increasingly expanded our focus to include scalable commercial card programs for ever larger companies. Near the end of 2009, the large Idaho paper and packaging manufacturer Boise, Inc. shifted their commercial card accounts...

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    ... of community investment. Despite a difficult small business lending environment, we continued to support microlending through our community development work. For example, our investment in the Colorado Enterprise Fund (CEF), a community development financial institution in Denver, helped nearly...

  • Page 19
    ... in community building and we are proud to sponsor events that contribute to community well-being, ranging from university sports programs in California, Colorado and other states to free public concerts in Omaha and Des Moines, to Cheyenne Frontier Days and our signature Bank of the West Classic...

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    ... income (loss) Return on average assets Total assets Total loans and leases Total deposits Total risk based capital ratio STRONG CREDIT RATINGS Credit ratings* are a key measure of capital 18 STRONG CAPITAL POSITION Bank of the West is one of the largest commercial banks in the United States. Our...

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    RETAIL AND COMMERCIAL LOCATIONS Branch Locations - 664 Offices - 79 Commercial and Corporate Banking Offices - 54 Agribusiness Offices - 15 Real Estate Industries Offices - 10 19 Based in San Francisco, we have representative offices in New York, Taipei and Tokyo. Our sister bank, First Hawaiian...

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    ...Donald Duggan Senior Executive Vice President Chief Information Officer Left to right: Richard Byrd, Gerard Denot, Russell Playford, Vanessa Washington, Michael Bracco, Andrew Harmening, Thibault Fulconis, Donald Duggan, J. Michael Shepherd, Gilles Karpowicz, Paul Wible, Scott Germer. Not pictured...

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    ... Capital Markets Richard Lewis National Finance Group Risk Officer Bruce Heysse National Finance Group Direct Lending Roger Sturdevant Agribusiness Division Lori Rivers National Finance Group Projects and Systems Jim Kennedy Specialized Depository Division John Thomason Corporate Real Estate...

  • Page 24
    ... Bank California Stuart A. Hall President & CEO (retired) Liberty Northwest Don J. McGrath Chairman & CEO (retired) BancWest Corporation Chairman (retired) Bank of the West Guido van Hauwermeiren Head of Coverage for International Strategic Clients Corporate and Investment Banking BNP Paribas...

  • Page 25
    ... ASSOCIATES Bank of the West was recognized with eight national and regional awards of excellence by financial consulting and research firm Greenwich Associates for 2009, for overall satisfaction in small business/middle market customer service, relationship manager performance, cash management, and...

  • Page 26
    ... in deposits at December 31, 2009. The bank operates more than 700 branch and commercial 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...

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    180 Montgomery Street, San Francisco, CA 94104 415.765.4800 • www.bankofthewest.com