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