Sunwest Bank buys Washington state locations
January 23, 2013 by Sarah
Sunwest Bank, headquartered in Irvine, located just north of San Clemente, recently opened two new locations in Washington State. These mark the first Washington locations for the business lender. Earlier this month, Sunwest Bank took over two branches of Westside Community Bank, located in University Place in Washington.
While Sunwest Bank is relatively a small lending bank, it has been expanding quite notably in the last few years through the acquisition of failed banks and organic growth. The most recent bank purchase of the locations in Washington is the fourth failed bank the company has acquired since 2009.
Chris Walsh, who serves as the Chief Executive for Sunwest, stated:
“We want to expand our presence, we want to grow. We’ve been growing pretty good.”
As banks and other organizations or companies expand or acquire new facilities, printing companies in the area may be called upon to provide a variety of printing services needed to reflect changes on printed materials. Business card printing and stationery printing rare often needed to reflect these changes and ensure that locals are kept up-to-date with goings-on.
Sunwest Bank was established in 1970 and began serving primarily small to middle sized businesses in the surrounding area. In 2009, Dunwest purchased San Clemente’s Pacific Coast Bational Bank and Irvine’s MetroPacific Bank. The company also acquired First State Bank, located in Flagstaff, Arizona that same year. With the acquisition of Westside Community Bank, the company’s size has almost doubled just since 2009.