Investments
8Portfolio Exits
1Partners & Customers
10About Bank of the West
Bank of the West is a regional financial services company that provides a wide range of personal, commercial, wealth management and international banking services.On December 20th, 2021, Bank of the West was acquired by Bank of Montreal at a valuation of $16.3B.
Bank of the West Headquarter Location
180 Montgomery Street
San Francisco, California, 94104,
United States
Bank of the West Web Traffic
Bank of the West Rank
Latest Bank of the West News
Mar 22, 2022
4:43 AM IST, 22 Mar 2022 2:39 AM IST, 22 Mar 2022 4:43 AM IST, 22 Mar 2022 Save (Bloomberg) -- Bank of Montreal is selling about C$2.7 billion ($2.1 billion) in shares to help fund its purchase of Bank of the West from BNP Paribas SA. (Bloomberg) -- Bank of Montreal is selling about C$2.7 billion ($2.1 billion) in shares to help fund its purchase of Bank of the West from BNP Paribas SA. The Toronto-based bank will sell about 18.1 million common shares at C$149 apiece, according to a statement Tuesday. Underwriters will have the option to buy an additional C$405 million in stock within 30 days after closing. The equity offering is a key piece of the financing for Bank of Montreal’s $16.3 billion purchase of Bank of the West, which will extend its retail footprint into the western U.S. and bulk up its commercial business. The remainder of the transaction is being funded primarily through excess capital on the banks’ balance sheets. The equity offering is being underwritten on a bought-deal basis by a syndicate led by BMO Capital Markets, and is expected to close March 29. ©2022 Bloomberg L.P.
Bank of the West Investments
8 Investments
Bank of the West has made 8 investments. Their latest investment was in UCSF Health as part of their Grant on April 4, 2020.
Bank of the West Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/9/2020 | Grant | UCSF Health | Yes | 1 | ||
4/9/2020 | Grant | |||||
4/9/2020 | Grant | |||||
4/9/2020 | Grant | |||||
4/9/2020 | Grant |
Date | 4/9/2020 | 4/9/2020 | 4/9/2020 | 4/9/2020 | 4/9/2020 |
---|---|---|---|---|---|
Round | Grant | Grant | Grant | Grant | Grant |
Company | UCSF Health | ||||
Amount | |||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 1 |
Bank of the West Portfolio Exits
1 Portfolio Exit
Bank of the West has 1 portfolio exit. Their latest portfolio exit was Aleph Objects on November 11, 2019.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
11/11/2019 | Acquired | 2 |
Date | 11/11/2019 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 2 |
Bank of the West Acquisitions
1 Acquisition
Bank of the West acquired 1 company. Their latest acquisition was Essex Credit Corporation on October 02, 2014.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
10/2/2014 | Acquired | 1 |
Date | 10/2/2014 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 1 |
Bank of the West Partners & Customers
10 Partners and customers
Bank of the West has 10 strategic partners and customers. Bank of the West recently partnered with Mastercard on February 2, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
2/24/2022 | Partner | United States | Bank of the West and Mastercard® Team Up to Help Small Businesses Open their Digital Doors™ Each section within the platform contains educational resources , Bank of the West solutions , Mastercard tools , and collaborator offers , enabling businesses to seize their online opportunity . | 3 | |
2/11/2021 | Partner | United States | This partnership announcement is posted on Yahoo Finance and describes another integrated payables platform launch , this one by Bank of the West in conjunction with Corporate Spending Innovations , the Florida-based payments fintech that is now part of Edenred . | 1 | |
2/2/2021 | Vendor | United States | 3 | ||
1/15/2020 | Partner | ||||
12/10/2019 | Vendor |
Date | 2/24/2022 | 2/11/2021 | 2/2/2021 | 1/15/2020 | 12/10/2019 |
---|---|---|---|---|---|
Type | Partner | Partner | Vendor | Partner | Vendor |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | Bank of the West and Mastercard® Team Up to Help Small Businesses Open their Digital Doors™ Each section within the platform contains educational resources , Bank of the West solutions , Mastercard tools , and collaborator offers , enabling businesses to seize their online opportunity . | This partnership announcement is posted on Yahoo Finance and describes another integrated payables platform launch , this one by Bank of the West in conjunction with Corporate Spending Innovations , the Florida-based payments fintech that is now part of Edenred . | |||
Sources | 3 | 1 | 3 |
Bank of the West Team
157 Team Members
Bank of the West has 157 team members, including current Chief Executive Officer, President, Nandita Bakhshi.
Name | Work History | Title | Status |
---|---|---|---|
Esmeralda Espinoza | Founder | Current | |
Nandita Bakhshi | TD Bank, J.P. Morgan Chase & Co., Fleet Bank, Bank of America, Home Savings of America, and Banc One Corporation | Chief Executive Officer, President | Current |
Darin Dubendorf | President | Current | |
Xavier Antiglio | BNP Paribas Personal Finance, and BNP Paribas Leasing Solutions | Chief Financial Officer, Executive Vice President | Current |
Tobi Vincent | J.P. Morgan Chase & Co., Greene Holcomb Fisher, Marsh, and Allstate Insurance Company | Chief Financial Officer | Current |
Name | Esmeralda Espinoza | Nandita Bakhshi | Darin Dubendorf | Xavier Antiglio | Tobi Vincent |
---|---|---|---|---|---|
Work History | TD Bank, J.P. Morgan Chase & Co., Fleet Bank, Bank of America, Home Savings of America, and Banc One Corporation | BNP Paribas Personal Finance, and BNP Paribas Leasing Solutions | J.P. Morgan Chase & Co., Greene Holcomb Fisher, Marsh, and Allstate Insurance Company | ||
Title | Founder | Chief Executive Officer, President | President | Chief Financial Officer, Executive Vice President | Chief Financial Officer |
Status | Current | Current | Current | Current | Current |
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