Bank of the West Adds to Presence in the Twin Cities with New Full-Service Business Banking Branch

MINNEAPOLIS, Jan. 30, 2017 /PRNewswire/ -- Bank of the West today announced the addition of its new dedicated business banking branch located at 5600 W. 83^rd Street, Suite 200, Bloomington, Minneapolis. Adding to our current financial services offerings in the Twin Cities area, Bank of the West's new business banking branch is designed to help meet the growing demand for banking services for small- and medium-sized businesses in the community. This new facility is staffed by business banking professionals in an office environment designed to better serve business customers with financial solutions to support their business such as lending, deposits, cash management, and payment services.

"As a relationship bank we pride ourselves on being focused on the needs of our customers and we are pleased to announce the opening of this new branch," said Michelle Di Gangi, executive vice president of small and medium-size enterprise banking at Bank of the West. "Our business banking experts bring local knowledge and experience to customers within the Twin Cities where we aim to help small and medium- size enterprise businesses thrive."

Bank of the West's business banking professionals are equipped to help business owners address important issues, such as managing cash flow, planning for growth, and preparing for retirement. Bank of the West is the nation's third largest SBA 504 lender,¹ the 14th largest small business bank,² and has been the fastest growing small business bank for the past four years.³

"The Twin Cities is a vibrant and productive economy that consistently outperforms the rest of the region, ⁴ especially as it relates to small business formation and growth," said Scott Anderson, executive vice president and Chief Economist at Bank of the West. "The Twin Cities is a great location to start and grow a new business with an educated workforce, high-incomes, and a diversified-economy."  

In addition, Bank of the West's presence in the Twin Cities includes Bank of the West's Wealth Management Group, which offers objective strategic advice alongside global wealth management solutions through an extensive network of resources to serve high net worth individuals and their families.

For more than 12 years, Bank of the West has served its larger corporate clients in the Twin Cities through its Commercial Banking Group. Embedded in communities across the U.S., the Commercial Banking Group's local bankers deliver specialized sector expertise and global banking solutions – including international cash management and trade solutions – to help businesses gain a competitive edge and accelerate growth in their home market and abroad.

To further serve its business customers, Bank of the West provides tips and insights from Bank of the West's The Blog which is located on blog.bankofthewest.com.

Bank of the West's SBA lender rank and performance based on the United States Small Business Administration's 2016 fiscal year end results ending September 30, 2016. SBA loans from Bank of the West are in participation with the U.S. Small Business Administration. Loans are subject to approval in accordance with Bank of the West and SBA eligibility and lending guidelines. Certain fees, conditions and restrictions may apply.

^{2 SB Ranking Data Source: FDIC with C&I and Non-farm/Non-residential loans less than $1mm (SNL Database)
3 SB Growth Data Source: FDIC with C&I and Non-farm/Non-residential loans less than $1mm (SNL Database)
4 U.S. Bureau of Labor Statistics/FRED}

About Bank of the West
Bank of the West is a regional financial services company headquartered in San Francisco with $82.6 billion in assets as of September 30, 2016*. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 branches and offices in 23 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with more than 189,000 employees. To learn more about Bank of the West, visit About Us via BankoftheWest.com.

Deposit and loan products offered by Bank of the West, Member FDIC and Equal Housing Lender. In South Dakota, Bank of the West operates under the name Bank of the West California. Bank of the West Wealth Management offers products and services through Bank of the West and its various affiliates and subsidiaries

*Assets under management refers to assets under administration, management, advisement, and on deposit, including assets with our affiliate BancWest Investment Services ("BancWest") as of September 30, 2016.

Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC, and SEC Registered Investment Adviser. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321) and through BancWest Investment Services, Inc. in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, UT, WA, WI, WY, HI, Guam and CNMI. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.

BancWest Investment Services is a wholly owned subsidiary of Bank of the West. Bank of the West is a wholly owned subsidiary of BNP Paribas.

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SOURCE Bank of the West