West Coast Bancorp · Lake Oswego, OR United States ·(NASDAQ (GS): WCBO)
Company Description
Phone: 503-684-0884
Fax: 503-684-0781
Toll Free: 800-895-3345
View West Coast Bancorp Locations On A US Map
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This link will open in a new window West Coast Bancorp (not to be confused with the California company of the same name) is the holding company for West Coast Bank, which has around 60 branches serving customers in western Oregon and southwestern Washington communities. West Coast Bank primarily originates commercial real estate mortgage loans (more than 35% of the loan portfolio) as well as consumer, residential mortgage, and other loans. The bank targets four specific markets: high-value consumers, small businesses with credit needs under a quarter million dollars, mid-sized businesses with credit needs up to $20 million, and commercial real estate and construction related businesses. To read the full description, subscribe now.
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Key West Coast Bancorp Financials
| Company Type | Public - NASDAQ (GS): WCBO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $116.8 |
| 2008 Employees | 800 |
West Coast Bancorp Executives
58 executives listed for West Coast Bancorp's Lake Oswego, OR location.
| Title | Name & Bio | Contact |
| Chairman | Lloyd Ankeny | Network |
| Chairman | Glenn Barinowski | Network |
| President, CEO, and Director; President and CEO, West Coast Bank | Robert Sznewajs | Network |
Competition
Competitive Landscape for West Coast Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top West Coast Bancorp Competitors
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