Bank Of The West Announces Opening Of New Office Facility In Tempe

News Release

October 5, 2017

TEMPE — Bank of the West today announced the opening of a new office in Tempe, Arizona, at 1625 W. Fountainhead Parkway, expanding the Bank's presence in central Arizona with an investment in the region that will include office space for a thousand people and the creation of a significant number of local jobs.

"Bank of the West's decision to locate in Tempe emphasizes that Arizona has the ideal operating environment and high-quality talent required to meet the needs of industry-leading companies," said Governor Doug Ducey. "This project will create new financial services jobs for Arizonans, and I thank Bank of the West for their commitment to our state."

"Bank of the West is very pleased to be increasing our presence in Arizona – a state known for its diverse, talented and entrepreneurial residents. Our new facility in Tempe will be an important addition to our footprint and play a key role in our long-term growth," said Nandita Bakhshi, President and CEO of Bank of the West and Co-CEO of BNP Paribas USA. "We appreciate the support we've received from Governor Doug Ducey, the City of Tempe, and the Arizona Commerce Authority, and we are eager to welcome area workers to our growing team at Bank of the West."

Bank of the West's Head of Corporate Services Division John Thomason will lead the office, bringing to the position more than 20 years of experience with Bank of the West, including more than a decade serving on the Bank's Senior Management Committee. As Head of the Tempe Office, Thomason will manage the new location, and will be a champion of the company's culture, vision and values to those at this new office.

Thomason first joined Bank of the West in 1996 as a real estate lender and has held positions of increasing responsibility throughout his tenure, including Division Head of the Real Estate Industries Division, Real Estate Managed Assets and Other Real Estate Owned (OREO) Manager. He has also served more than 23 years in the U.S. Army and Army Reserve.

After a nationwide search for a new location, the merits of the Phoenix metro area were compelling for the Bank. "Tempe is a vibrant, centrally located community and we are thrilled to be a member of the local economy," said Thomason. "In Tempe, we will be hiring a wide range of professional positions, including traditional corporate service and support roles."

With strong roots in real estate and financial services industries, a robust pool of talented professionals, and favorable business conditions, Tempe is an ideal market to expand the Bank's operations. A recent report from the Greater Phoenix Chamber of Commerce found that 88 percent of local companies rate the business environment as excellent or good and two in three businesses project their revenue to increase in the year ahead.

"Bank of the West is an exciting and impactful addition to Tempe's growing financial sector. We are thrilled to welcome Bank of the West and their employees to Tempe – there is no doubt they will be a great value to our local economy," said Tempe Mayor Mark Mitchell.

"Bank of the West's investment in Arizona is the latest evidence of our state's strong leadership position in the business and financial services industry, and we're thrilled to welcome them to our state," said Sandra Watson, President and CEO of the Arizona Commerce Authority. "This announcement shows that Arizona's value proposition continues to resonate with industry-leading firms."

"The financial services industry in Greater Phoenix is growing at an accelerated rate, outpacing the national average for growth," said Greater Phoenix Economic Council President & CEO Chris Camacho. "Access to talent and a growing labor force, proved critical for Bank of the West in their selection of Tempe for their next financial services outpost, and we look forward to welcoming them to the market."