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Bank of the West can outmaneuver larger competitors in serving more affluent clients, the bank's John Bahnken says.
November 25
Bank of the West has created a private mortgage banking team that will largely cater to the bank's wealth management clients.
The team will work with affluent and high net worth clients on their personal real estate lending needs, including mortgages, home equity loans and home equity lines of credit, Bank of the West, which is owned by BNP Paribas, said Wednesday. The group includes private mortgage bankers, product development professionals, underwriters and loan processing staff.
The addition of the private banking group is consistent with the bank's effort to sharpen its wealth management focus.
The $62.4 billion-asset Bank of the West in recent months has
At Dec. 31, the bank had almost $10 billion in assets under management in the U.S.
