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CommerceWest Bank lends a hand for Otis College’s Scholarship Benefit

This prestigious bank returns to sponsor an art and design college’s 30th Annual Scholarship Benefit

by Jacy DanquePublished: May 22, 2012 01:30 PM

CommerceWest Bank, an Irvine-based business services financial institution, helped to finance Otis College’s 30th Annual Scholarship Benefit and Fashion Show at the Beverly Hilton Hotel earlier this month. The nonprofit Otis College of Art and Design is dedicated to educating students and fully developing their talents and imagination and helping to direct them toward future careers.

Helping Otis’ Scholarship Benefit, held on May 5, brought in more than $1 million to create Otis scholarships. The Chairman and CEO of CommerceWest Bank Ivo Tjan said, “We are proud to have had the opportunity to support the annual scholarship benefit again this year. Otis encourages their students to be creative visionaries which is important for their success.”

CommerceWest Bank bases their work ethic on “Bank on the Difference.” The company aims to find appropriate loans for businesses and nonprofit organizations by evaluating each of their specific needs. The customization not only helps the company manage finances effectively, but it also creates stronger decision-makers. “Just like the students at Otis, [our executives] are visionaries that are defining our industry with a unique vision. We don’t just keep up with the latest trends, we create them,” explains Tjan.

Services that CommerceWest Bank offers include commercial banking, cash management, and a financial center. The company allows banking by appointment, concierge services, remote deposit solutions, full service internet banking, lines of credit, term loans, commercial real estate lending, and SBA lending.

CommerceWest Bank started up in Newport Beach in 2001 after its success at the Initial Public Offering in banking. The company was one of the fastest to raise almost $11 million in less than 2 months due to its devoted practices that develop strong relationships with companies. This established a well-respected reputation, which in turn, helped to create a service business bank that values each and every client.


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