LAKE OSWEGO, Ore., Oct. 12, 2011 /PRNewswire/ -- When the Small Business Administration (SBA) announced their fiscal year results early this month, West Coast Bank was ranked the third largest regional lender with number of loans last year (85), just behind national banks U.S. Bank and Wells Fargo, and the sixth largest regional lender in dollar volume.
In addition, West Coast Bank was listed as one of the Most Committed SBA Lenders in the nation in MultiFunding's annual list of banks across the country that are aggressively helping small business owners through the SBA program.
Senior Vice President-Government Guaranteed Lending Manager Jerry Burns said, "SBA loans offer low interest rates with favorable terms for small business owners, which help them grow their businesses. This is a great boost for them and the economy."
Xandra McKeown, Executive Vice President-Commercial Banking, said, "West Coast Bank's SBA team continues to be recognized for their expertise because they are committed to the businesses and communities we serve. This is particularly noteworthy during the economic challenges of the past few years, and we are proud of them and their service to our business customers."
West Coast Bancorp is a publicly held, Northwest bank holding company headquartered in Oregon with $2.5 billion in assets, and the parent company of West Coast Bank and West Coast Trust Company, Inc. West Coast Bank operates 65 branches in Oregon and Washington. The Company serves clients who seek the resources, sophisticated products and expertise of larger financial institutions, along with the local decision-making, market knowledge, and customer service orientation of a community bank. The Company offers a broad range of banking, investment, fiduciary and trust services. For more information, please visit the Company web site at www.wcb.com.
SOURCE West Coast Bancorp