The boom of entrepreneurship has ushered in a new era of business worldwide. Startups are expected to drive high economic growth both locally and globally. But starting and growing a business can be daunting, and that’s where you require sophisticated banking solutions to set up your dream enterprise. Entrepreneurial business banks provide a wealth of facilities, services, and guidance to small and medium–sized businesses to fuel their growth in the dynamic realm of entrepreneurship. Sunwest Bank stands out as a beacon of excellence among these guiding entities.
Headquartered in Sandy, Utah, Sunwest Bank has a long tradition of providing excellent service to entrepreneurs, privately held corporations, family offices, small and medium–sized businesses, and real estate developers that serve the nation with locations in Arizona, California, Idaho, Florida, and Utah.
Tracing Back to Roots
In 1969, the first founder and CEO, James Engbarth, opened Santiago Community Bank in Tustin, California, promising to help develop businesses and communities in Orange County. After over a decade of growth, Santiago officially changed its name to Sunwest Bank.
One of the most pivotal moments in Sunwest’s history came during the financial crisis. Because of a strong balance sheet and conservative underwriting, Sunwest Bank purchased five banks from the FDIC. It has since grown from a local community bank to a nationwide bank, redefining its position in the industry.
Since its inception, Sunwest has always been a bank that focuses on two goals: helping entrepreneurs achieve the American Dream and giving back to the community. We are the bank built for entrepreneurs by entrepreneurs.
Banking and Financial Services
Sunwest Bank specializes in various banking and financial services, including HOA and Property Management Banking Services, Commercial Solar Financing, SBA Loans, Commercial Real Estate Loans, and Selfcare HSA. All of our services are designed to meet each client’s needs. The company is now diligently focusing on its energy financing solutions to make renewable energy more accessible.
In alignment with the company’s commitment to serving entrepreneurs, Sunwest Bank provides an experienced approach to help them with small business lending. Moreover, through Selfcare HSA, the bank offers innovative benefits to better assist employees by maximizing tax–advantaged savings.
In addition, Sunwest Bank’s digital banking platform allows clients to easily open and manage a business account online through the Sunwest New Account Portal (SNAP).
Decades of Excellence
Every business has its unique set of needs and financial challenges. Sunwest Bank stands out for its tailored approach and customized service offerings. Since its inception, Sunwest Bank has been committed to creating enduring and personal connections, delivering best–in–class service, and providing flexible solutions to support business growth.
Sunwest prides itself on serving its clients with tailored solutions and supporting them through all economic lifecycles. As your financial partner, Sunwest wants companies they partner with to thrive and succeed in the long run, no matter the challenges. Their commitment extends beyond transactions.
Unique Strategies to Thrive Economic Crisis
Following the 2007-2009 economic crisis, many banks tightened their lending practices. While several banks and financial intuitions failed, federal regulators approved Sunwest Bank’s purchase and revival of five failed banks.
Sunwest Bank has a unique strategy designed to thrive during challenging economic conditions. Their reserves are among the industry’s highest, almost doubling the capital held by most major banks. With short–term investment and a meticulous underwriting process, Sunwest Bank holds a strong Fortress Balance Sheet to withstand. severe economic shocks. They strive to be a reliable and consistent financial partner through downtimes and uptimes.
Envisioning a Promising Future
Sunwest Bank is poised to have ample growth opportunities, particularly with its significant emphasis on solar in recent years. Standing the test of time when banks are becoming inflexible or unresponsive, Sunwest Bank takes a different approach. They prioritize the value of personal relationships and are committed to forging enduring relationships beyond just financial transactions.
When other banks are halting lending, Sunwest prides itself on continuing to be at the forefront, providing excellent service to customers through all economic lifecycles.
Sunwest is built for tough times and can weather challenges. They are the bank built for entrepreneurs by entrepreneurs.
