Bank of the West Ranks #2 in U.S. Agricultural Lending
SAN FRANCISCO, May 8, 2012 /PRNewswire/ -- Bank of the West is one of the leading bank lenders to U.S. agriculture, according to an American Bankers Association online ranking of the Top 100 Farm Lenders. The bank ranked second in the nation with approximately $3.2 billion in agricultural loans at the end of last year.
"This top ranking reflects Bank of the West's continued commitment to the agricultural sector," said Roger Sturdevant, executive vice president and head of the Bank of the West's Agribusiness Division. "We continue to successfully support our customers through our conservative and pragmatic lending culture. Our consistency as bankers is something agribusiness people appreciate – they know we have been here through both good and challenging times."
Bank of the West began lending to farmers in 1874 and, today, its Agribusiness Division assists customers throughout the United States with offices strategically located in Western and Midwestern agricultural centers including Napa, Fresno, Corona, Omaha, Des Moines, Sioux Falls and Minneapolis.
The bank's relationship managers have industry and regional lending expertise, which enables them to work with customers to provide financing solutions and support for specialized areas of agriculture including wine, dairy, greenhouse/nurseries, livestock, grain, fruit and nut, field crops and their related industries such a food processing, packing and shipping.
About Bank of the West
Founded in 1874, $62.4 billion-asset Bank of the West (www.bankofthewest.com), member FDIC and equal housing lender, offers a wide range of personal, commercial, wealth management and international banking services. The bank operates more than 700 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 80 countries with nearly 200,000 employees.