Bailout Bank Bio: CalWest Bancorp

May 18, 2009 | 1 min read | Print Article

In step with its earthy-crunchy neighbors, CalWest Bancorp is into “organic.” To address its gofor al an expanded geographic presence in Southern California through organic growth, the holding company's primary subsidiary, South County Bank, has opened or is planning to open several branch offices. It currently has branches in Irvine, Laguna Beach, and Rancho Santa Margarita. (A branch in Moreno Valley is branded Inland Valley Bank.) It also has loan offices in Huntington Beach and San Bernadino. The bank targets midsized businesses and individuals, offering them standard deposit products and traditional banking services.

In January the company began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $4.7 million from Treasury in exchange for preferred stock.

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Bailout Bank Bio: CalWest Bancorp


Federal Equity Investment	$4.7 million
Total Revenue	$11.0 million
Net Income	Unknown
Number of Employees	74
Corporate Headquarters	Rancho Santa Margarita, California
Business Sector	Private Bank
Officers and Directors	Thomas E. Yott, Chief Executive Officer and President Najam M. Saiduddin, Chief Financial Officer
Corporate Website	www.southcountybank.com
Executive Compensation	Unable to Locate