SAN FRANCISCO, June 16, 2017 /PRNewswire/ -- Bank of the West has been named to Kiplinger's Personal Finance's first-ever rankings of the Best Banks in the U.S. To identify the crème de la crème, the magazine picked a winner and runner-up among national banks, nationally available credit unions and internet banks, plus the best bank in each of four regions, as well as the top and runner-up institutions in a number of personalized categories. Bank of the West was named as the winner of the West region in the Best Regional Bank category.
"We are very pleased to be recognized as a leading bank in the West by Kiplinger's," said Nandita Bakhshi, President and CEO of Bank of the West. "Customer needs are changing, and we are focused on meeting those changing needs through digital services, our local expertise, and our global capabilities."
"Key institutions are making all the right moves to win satisfied customers, and we're proud to say we were able to name them in our first-ever Best Banks list," said Janet Bodnar, editor, Kiplinger's. "One of the most important, personal decisions consumers make is where to keep their money. Since situations vary, our goal is to help people make informed choices for themselves and their families."
The editors at Kiplinger's Personal Finance used data from Moebs Services, a Lake Forest, Ill., economic research firm, to rank national and regional banks and thrifts, credit unions, and internet banks. The process to select the best started with all 11,831 U.S. depositories as of year-end 2016. To identify the soundest financial institutions, the list was screened for asset size, excess fees, high expenses and sufficient capital. For each specific customer profile, the editors started with top financial institutions identified by the Moebs rankings and then added their own research and judgment to find banks, thrifts and credit unions with accounts and features most appealing to each group.
The complete rankings are now available online at Kiplinger.com, along with in-depth profiles of the selected institutions. The ranking will be available in print in the July 2017 issue of the magazine, on newsstands June 6.
For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation's first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation's first personal finance magazine. Kiplinger.com is the fastest growing Web site in the personal finance space. Located in the heart of our nation's capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language. Become a fan of Kiplinger on Facebook or Kiplinger.com and follow Kiplinger on Twitter, LinkedIn and Tumblr.
About Bank of the West
Bank of the West is a regional financial services company headquartered in San Francisco with $83.8 billion in assets as of March 31, 2017. 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 74 countries with more than 190,000 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. © 2017 Bank of the West. Doing business in South Dakota as Bank of the West California.
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SOURCE Bank of the West