- CEO
- Terry A. Peterson
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 2040 8th Avenue West Linn OR United States of America 97068
- IPO Date
- May 9, 2007
- Business
- Pacific West Bank (OTC: PWBO), a subsidiary of Pacific West Bancorp (OTC: PWBK), operates as a relationship-driven commercial bank serving businesses, non-profit organizations, and individuals primarily in the Portland metropolitan area of Oregon and Vancouver, Washington. The bank offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit; commercial lending solutions such as commercial real estate loans, equipment term loans, business acquisition loans, SBA 504 loans, executive credit lines, capital expenditure lines, and operating lines of credit; and treasury management services encompassing online banking, bill pay, mobile banking, remote deposit capture, ACH origination, wire transfers, and payment processing. It also provides digital banking platforms, compliance and risk management services, and insurance products tailored for business clients.
Founded in 2004 by local business leaders and headquartered in West Linn, Oregon, with additional offices in Portland and Lake Oswego, the bank emphasizes customized financial solutions, consultative advisory services, and community-focused banking as a designated Benefit Corporation for Good. Pacific West Bank targets small to mid-sized businesses, entrepreneurs, and non-profits in the Pacific Northwest, delivering localized decision-making and flexible products to support growth in sectors including retail, manufacturing, real estate, and craft brewing.
In recent developments, Pacific West Bancorp was formed effective January 3, 2023, transitioning the bank's stock from Pacific West Bank (PWBO) to the holding company (PWBK) to streamline operations and investor relations. The bank entered a strategic partnership with Unit, a banking-as-a-service (BaaS) platform, in April 2023, expanded in 2025, enabling fintech partners to embed digital banking, account opening, money transfers, and payment processing into their platforms while enhancing the bank's scalability and compliance capabilities. This alliance has sourced multiple fintech clients, including Foyer and Envelope, for white-label solutions and supports the bank's expansion into embedded banking beyond its physical footprint. Additionally, the bank reported strong financial performance for the first nine months of 2025, with interest income rising 8.4% year-over-year to $13.8 million, reflecting growth in loan portfolios and deposit volumes.