Pacific West Bank Announces Addition of Team and Market Expansion into Vancouver

Rhea-AI Summary

Pacific West Bank (PWBK) announced its expansion into the Vancouver market on March 22, 2023. The new office will be staffed by a team of experienced banking professionals including Robert Greenawald as SVP and Team Leader, Justin White as VP, Irina Alvarado as VP, and Marcella Dickson as Commercial Lending Associate. Chairman Ed Kawasaki emphasized this move as a significant milestone in the bank's growth strategy, aiming to provide personalized banking services to businesses in Southwest Washington. This expansion aligns with the bank's ongoing commitment to growth in the I-5 corridor.

Positive

• Expansion into the Vancouver market signifies growth potential for PWBK.
• Experienced team assembled to cater to local businesses, enhancing customer service.

Negative

• None.

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PORTLAND, Ore., March 22, 2023 /PRNewswire/ -- Pacific West Bank (PWBK) a leading financial institution today announced the addition of a new team that will lead the expansion into the Vancouver Market.

According to Ed Kawasaki, Pacific West Bank's Chairman, "This expansion represents a significant milestone in our growth strategy. We are thrilled to bring our high-quality banking services to the businesses of Southwest Washington."

The office will be staffed by a team of experienced banking professionals who are dedicated to provide a personalized approach to banking and support to local community businesses. The team includes Robert Greenawald, SVP and Commercial Lending Team Leader, Justin White, VP and Commercial Lending Officer, Irina Alvarado, VP and Credit Analyst, and Marcella Dickson, Commercial Lending Associate.

"We are thrilled to be expanding our operations into Vancouver," said Jason Wessling, President of Pacific West Bank. "The opening of the Vancouver office and the formation of the new team is part of Pacific West Bank's ongoing commitment to growth and expansion in the I-5 corridor." 

"We are excited to be part of the Pacific West Bank team and to be opening a new office in Vancouver," said Robert Greenawald, Commercial Lending Team Leader. "Our goal is to provide our clients with the best possible banking experience by helping them achieve their goals. We look forward to continuing to serve the business community in Portland and Southwest Washington. We will announce our office location soon."

About Pacific West Bank: Pacific West Bank is a wholly owned subsidiary of Pacific West Bancorp (PWBK). Information about the Holding Company's stock is available through the over-the-counter marketplace at www.otcmarkets.com (symbol PWBK). Pacific West Bank was formed in 2004 by Portland businesspeople to deliver loan and deposit product solutions through experienced and professional bankers to businesses, nonprofits, professionals, and individuals. The Bank serves the greater Portland Metro area with offices strategically located in Downtown Portland, Lake Oswego, West Linn and soon to Vancouver.

Media Contact: Terry Peterson
Chief Executive Officer
503-905-2217
tpeterson@bankpacificwest.com

Certain statements in this release may be deemed to be "forward-looking statements." Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

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SOURCE Pacific West Bank

FAQ

What is the date of Pacific West Bank's expansion announcement into Vancouver?

The expansion announcement was made on March 22, 2023.

Who leads the new team at Pacific West Bank for the Vancouver expansion?

Robert Greenawald is the SVP and Commercial Lending Team Leader for the new team.

What market is Pacific West Bank expanding into?

Pacific West Bank is expanding into the Vancouver market.

What is the stock symbol for Pacific West Bank?

The stock symbol for Pacific West Bank is PWBK.

Why is the Vancouver market significant for Pacific West Bank?

The Vancouver market is seen as a part of Pacific West Bank's growth strategy and commitment to serving the I-5 corridor.