OUR ECONOMY

OUR ECONOMY

Bank of the West’s community reinvestment is responsive to the economic needs across our footprint. Our commitment to community includes supporting economic development and job creation in the 23 states we serve.

SMALL BUSINESSES

We provided more than $2.4 billion in small loans to businesses and farms in 2017, with more than 50% of those loans made in low- or moderate-income areas and/or to small businesses and farms with revenues of $1 million or less.

Our philanthropic contributions supported nonprofit programs that helped 15,600 small business owners receive training or assistance to strengthen their businesses.

We are ranked as one of the top lenders to small businesses through the U.S. Small Business Administration’s SBA 504 program, which is designed to encourage economic development and job growth within communities.

We launched a California Central Valley Small Business Development Initiative that, in collaboration with nonprofit organizations aims to start, strengthen, and grow more than 380 small business—including about 40% that are women-owned.

OUR NONPROFIT SUPPORT HELPED TRAIN

15,600

ASPIRING ENTREPRENEURS & SMALL BUSINESS OWNERS

SMALL BUSINESSES

We provided more than $2.4 billion in small loans to businesses and farms in 2017, with more than 50% of those loans made in low- or moderate-income areas and/or to small businesses and farms with revenues of $1 million or less.

Our philanthropic contributions supported nonprofit programs that helped 15,600 small business owners receive training or assistance to strengthen their businesses.

We are ranked as one of the top lenders to small businesses through the U.S. Small Business Administration’s SBA 504 program, which is designed to encourage economic development and job growth within communities.

We launched a California Central Valley Small Business Development Initiative that, in collaboration with nonprofit organizations aims to start, strengthen, and grow more than 380 small business—including about 40% that are women-owned.

OUR NONPROFIT SUPPORT HELPED TRAIN

15,600

ASPIRING ENTREPRENEURS & SMALL BUSINESS OWNERS

OUR NONPROFIT SUPPORT HELPED TRAIN

15,600

ASPIRING ENTREPRENEURS & SMALL BUSINESS OWNERS

SMALL BUSINESSES

We provided more than $2.4 billion in small loans to businesses and farms in 2017, with more than 50% of those loans made in low- or moderate-income areas and/or to small businesses and farms with revenues of $1 million or less.

Our philanthropic contributions supported nonprofit programs that helped 15,600 small business owners receive training or assistance to strengthen their businesses.

We are ranked as one of the top lenders to small businesses through the U.S. Small Business Administration’s SBA 504 program, which is designed to encourage economic development and job growth within communities.

We launched a California Central Valley Small Business Development Initiative that, in collaboration with nonprofit organizations aims to start, strengthen, and grow more than 380 small business—including about 40% that are women-owned.

INVESTED

$1.5M

IN WOMEN ENTREPRENEURS

WOMEN ENTREPRENEURS

Bank of the West invested $1.5 million in women entrepreneurs through Grameen America. The organization provides flexible, low-cost capital to low-income women through a group lending model. As of December 2017, the Bank’s investment was used to fund 1,324 loans, creating more than 750 new businesses and 1,300 jobs.

INVESTED

$1.5M

IN WOMEN ENTREPRENEURS

WOMEN ENTREPRENEURS

Bank of the West invested $1.5 million in women entrepreneurs through Grameen America. The organization provides flexible, low-cost capital to low-income women through a group lending model. As of December 2017, the Bank’s investment was used to fund 1,324 loans, creating more than 750 new businesses and 1,300 jobs.

The Bank’s support for small business ownership by women also includes the BNP Paribas Women Entrepreneur Program, a week of intensive professional development and networking for participants from around the world, held at the Stanford Graduate School of Business in cooperation with BNP Paribas and the Women Initiative Foundation.

The Bank’s support for small business ownership by women also includes the BNP Paribas Women Entrepreneur Program, a week of intensive professional development and networking for participants from around the world, held at the Stanford Graduate School of Business in cooperation with BNP Paribas and the Women Initiative Foundation.

INVESTED

$1.5M

IN WOMEN ENTREPRENEURS

WOMEN ENTREPRENEURS

Bank of the West invested $1.5 million in women entrepreneurs through Grameen America. The organization provides flexible, low-cost capital to low-income women through a group lending model. As of December 2017, the Bank’s investment was used to fund 1,324 loans, creating more than 750 new businesses and 1,300 jobs.

The Bank’s support for small business ownership by women also includes the BNP Paribas Women Entrepreneur Program, a week of intensive professional development and networking for participants from around the world, held at the Stanford Graduate School of Business in cooperation with BNP Paribas and the Women Initiative Foundation.

COMMUNITY DEVELOPMENT

In 2017, we provided $1.13 billion in loans to support community development efforts, including more than $80 million in new investments for affordable housing through the Low Income Housing Tax Credit (LIHTC) program.

IN 2017 WE PROVIDED

$1.13 BILLION

IN LOANS TO SUPPORT COMMUNITY DEVELOPMENT EFFORTS

COMMUNITY DEVELOPMENT

In 2017, we provided $1.13 billion in loans to support community development efforts, including more than $80 million in new investments for affordable housing through the Low Income Housing Tax Credit (LIHTC) program.

IN 2017 WE PROVIDED

$1.13 BILLION

IN LOANS TO SUPPORT COMMUNITY DEVELOPMENT EFFORTS

COMMUNITY DEVELOPMENT

In 2017, we provided $1.13 billion in loans to support community development efforts, including more than $80 million in new investments for affordable housing through the Low Income Housing Tax Credit (LIHTC) program.

Bank of the West’s new Community Development Financial Institution (CDFI) investment strategy magnifies this impact. The Bank invests in nonprofit lenders (CDFIs), which, in turn, provide loans to business owners who might not otherwise have access to capital. Through our CDFI strategy, an additional $4 million in working capital in 2017 flowed to those who need it most.

Bank of the West’s new Community Development Financial Institution (CDFI) investment strategy magnifies this impact. The Bank invests in nonprofit lenders (CDFIs), which, in turn, provide loans to business owners who might not otherwise have access to capital. Through our CDFI strategy, an additional $4 million in working capital in 2017 flowed to those who need it most.

IN 2017 WE PROVIDED

$1.13 BILLION

IN LOANS TO SUPPORT COMMUNITY DEVELOPMENT EFFORTS

Bank of the West’s new Community Development Financial Institution (CDFI) investment strategy magnifies this impact. The Bank invests in nonprofit lenders (CDFIs), which, in turn, provide loans to business owners who might not otherwise have access to capital. Through our CDFI strategy, an additional $4 million in working capital in 2017 flowed to those who need it most.