Community West Bank announced on Friday that it plans to open a loan production office in Paso Robles.
The office, at 725 Creston Road, will open in June and will become Community West Bank’s first Paso Robles Office.
“Community West Bank continues to expand our business banking presence on California’s Central Coast,” said Martin Plourd, president and CEO. “Since opening a San Luis Obispo loan production office in 2015, and a full-service San Luis Obispo branch office last year, our bank has experienced significant growth. We feel that there is a real opportunity for Community West Bank to provide financing and responsive service to businesses throughout Northern San Luis Obispo County.”
The bank, led by Jason Bietz, senior vice president and regional market manager, will focus services on providing local businesses with term loans and lines of credit, commercial real estate and construction financing, agricultural loans and equipment financing, along with cash management services.
The expansion comes at a time of consolidation in the local banking industry. Only four locally owned banks remain in the region.
“The banking landscape is changing, with fewer community banks and larger banks closing offices,” said Bill Fillippin, executive vice president and chief banking officer for Community West Bank. “More than ever, there is a need for flexible business financing and decision making that locally owned Community West Bank provides.”
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