CommerceWest Bank
CommerceWest Bank, headquartered in Irvine, California, provides a wide range of business and personal banking services, specializing in loans, online banking, and treasury management for businesses throughout California.
CommerceWest Bank Services
CommerceWest Bank offers a wide range of business loans that cater to various needs, including Working Capital Lines of Credit, SBA Express Lines of Credit, Asset Based Lending, Acquisition Financing, Management Buyouts, Leveraged Recapitalizations, and Commercial Real Estate Loans. The bank also provides specialized tools designed for specific industries such as Master Signature Cards and Agreements, Electronic Statements, Extended Cut-off Times, Lockbox Processing with HIPAA Compliance, and Remote Deposit Solution. Additionally, CommerceWest Bank offers treasury management services, which include Mobile Banking, NetBanker, External Transfers, Wire Transfers, Loan Management, and Positive Pay, among other services.
CommerceWest Bank Products
CommerceWest Bank offers several financial products tailored to meet the needs of both businesses and consumers. Notable among them is the CommerceWest Bank Mastercard, which provides low introductory rates and allows users to earn preferred points for purchases. For business clients, the bank offers Remote Deposit Solution (RDS), enabling deposits of checks, money orders, and cashier’s checks from their offices. The Anywhere Checking Account is available with no monthly fee for accounts that have direct deposit and comes equipped with features like NetBanker, Mobile Banking, Mobile Check Deposit, Bill Pay, eStatements, and Debit Cards.
Founding and History of CommerceWest Bank
CommerceWest Bank was founded on September 24, 2001, in Newport Beach, California. The bank's inception followed one of the fastest Initial Public Offerings in the banking sector, successfully raising nearly $11 million in under 60 days. Since its founding, CommerceWest Bank has grown to service businesses throughout California, particularly focusing on clients in Orange, San Diego, Los Angeles, and Riverside Counties. The bank's corporate headquarters is located in Irvine, California.
CommerceWest Bank's Online Banking
CommerceWest Bank provides comprehensive online banking services through its NetBanker platform, which allows users to view and manage all their accounts, including those from other financial institutions, using a single login and password. The bank also offers Online Wires and Batch Processing as part of its electronic banking solutions. In addition to NetBanker, CommerceWest Bank's Mobile Banking services enable clients to conduct a range of financial transactions remotely, ensuring convenience and efficiency.
CommerceWest Bank Awards
CommerceWest Bank has received multiple accolades that highlight its performance and commitment to safety and community service. Awards include 'Super Premier' Performing Bank, 'One of the Healthiest Banks in America,' '5 Star Safety and Soundness Rating,' '2020 Community Bank of the Year' IMPACT Award, and 'Best E-Newsletter' IMPACT Award. These recognitions underscore the bank's stability and excellence in banking operations.