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CommerceWest Bank

CommerceWest Bank
IndustryBanking
Founded2001; 25 years ago (2001)
FounderIvo Tjan
Headquarters
Irvine, California
,
United States
Number of locations
1
ParentCW Bancorp

CommerceWest Bank is a commercial financial institution headquartered in Irvine, California.[2][3]

History

CommerceWest Bank was founded in 2001 by Ivo Tjan and launched an Initial Public Offering in 2001. CW Bancorp is the holding company for CommerceWest Bank and has over $4 billion in total assets. The parent company is traded on the OTCQX as CWBK. CommerceWest Bank has 1 physical location following a 2020 branch consolidation and focuses on a more digital banking platform.[4][1]

Awards

CommerceWest Bank is recognized for 6 years as a Super Premier Performing Bank by the Findley Report. In 2019, the Bank was recognized as one of the fastest growing public companies in Orange County by the Orange County Business Journal.[5][6][7][8]

References

  1. ^ a b CW Bancorp (2021-06-01). "CW Bancorp Relocating Corporate Headquarters in Irvine, California". TMX Money (Press release). Business Wire. Retrieved 2021-11-18.
  2. ^ "CommerceWest Bank Completes Merger With Discovery Bancorp, Bank". NS Banking. 2009-07-23. Retrieved 2021-10-28.
  3. ^ "CommerceWest Bank reports Q1 earnings $0.25/shr". Reuters. 2016-04-26. Retrieved 2021-11-10.
  4. ^ "Commerce West Bank, History". US Bank Locations. Retrieved 2021-10-28.
  5. ^ Abdullah Khan (2020-11-20). "Fed roundup: Fed OKs Irvine, Calif.-based CW Bancorp's application to become BHC". S&P Global Market Intelligence. Retrieved 2021-10-28.
  6. ^ Peter J. Brennan (2021-02-22). "OC Banks Roar Back to Life". Orange County Business Journal. Retrieved 2021-11-10.
  7. ^ "Ivo A. Tjan". Orange County Business Journal. 2018-01-08. Retrieved 2021-11-18.
  8. ^ "Assets of Irvine-based CommerceWest Bank on the rise as lending expands". Orange County Register. 2015-10-27. Retrieved 2021-11-10.

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