Bank of the West

What Bank of the West does

Bank of the West is a privately held, family-controlled community bank headquartered in Grapevine, Texas, founded in 1985. It operates nine branch locations across the Dallas-Fort Worth metropolitan area (Grapevine, two Irving branches, Flower Mound, Lewisville, Ponder) and the Texas Hill Country (Marble Falls, Horseshoe Bay, Vernon), serving individual consumers, families, seniors, and small-to-medium-sized local businesses. The bank offers a standard community bank product set: personal checking, savings, money market, CDs, and IRAs; business checking and money market accounts; SBA Preferred Lender-program loans (real estate up to 25 years, working capital up to 10 years; $50,000–$5,000,000); commercial real estate, construction, equipment, line of credit, and business acquisition financing; residential mortgages through wholly owned subsidiary GSB Mortgage, Inc.; plus ancillary revenue lines including merchant card processing and safe deposit boxes.

The bank's technology stack is assembled from industry-standard third-party vendors rather than proprietary builds. Fiserv powers the digital banking platform—personal online banking, the Mobiliti mobile app, and the BankWestBIZ business mobile app—delivering balance inquiry, bill pay, mobile check deposit, instant balance, and card management (via CardValet). P2P payments are delivered through Zelle (Early Warning Services); large-deposit FDIC coverage is enabled via CDARS (Promontory Interfinancial Network); ATM access leverages the MoneyPass network (37,000 surcharge-free ATMs); and business cash management tools (Positive Pay, ACH Manager per NACHA rules, Remote Deposit Capture, wire transfers) are delivered through eCorp.

Revenue is generated primarily through net interest income on a $479.6M loan book (2024) funded by $729.5M in deposits (2024), supplemented by deposit service charges ($10/month checking, $5/month paper statements), $35 overdraft fees, SBA loan origination and servicing fees, merchant card processing residuals, and ancillary fees. Total assets stood at $802.9M with $67.4M in shareholders' equity as of year-end 2024. The bank targets the SMB segment via local commercial lending decisions and an SBA Preferred Lender approval cycle of approximately 10 business days, while consumer customers are reached through branch, online, mobile, and telebanking channels. The entity should not be confused with the larger California-based Bank of the West acquired by Bank of Montreal from BNP Paribas for $16.3B in 2023.

Name

Bank of the West

Legal name

Bank of the West

Website

https://bnkwest.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank of the West is a privately held, family-controlled Texas community bank founded in 1985, operating nine branches across Dallas-Fort Worth and the Texas Hill Country, serving individual consumers and small-to-medium-sized businesses with deposit accounts, SBA Preferred Lender loans, and Fiserv-powered digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Community banking
• Personal banking services
• Small business lending
• SBA preferred lender
• Commercial real estate loans

Headquarters

HQ city

Grapevine

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Traditional banking revenue from the spread between interest earned on loans (mortgage, commercial, SBA, personal, construction, equipment) and interest paid on deposits (checking, savings, CDs, IRAs, money market accounts). The bank reports total loans net of reserve of $479,579 thousand (2024) and total deposits of $729,459 thousand (2024).
2. Fee-Based Banking Services: Non-interest income from fees including monthly service charges on deposit accounts ($10/month for most checking accounts), overdraft fees ($35 per item), paper statement fees ($5/month), ATM fees, wire transfer fees, merchant card processing services, and business cash management service fees.
3. SBA Loan Origination and Servicing: The bank participates in the SBA's Preferred Lender Program, originating and servicing small business loans through SBA guarantee programs. Revenue generated through loan origination fees and ongoing servicing.
4. Merchant Card Processing Services: Revenue from merchant credit card processing services including terminal lease/purchase options, software transaction options, and ARU (telephone authorization) transactions for businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Bank of the West is a Texas-based community bank that provides personal and business banking services through 9 physical branches and digital channels. Its core offerings include deposit products (checking, savings, money market, CDs, IRAs) for consumers, commercial lending including SBA Preferred Lender loans, construction loans, equipment financing, and commercial real estate loans for small and medium-sized businesses, and digital banking services (online banking, mobile app, Zelle P2P, business cash management).

Product overview

Bank of the West is a Texas-based community bank offering a comprehensive suite of banking products and digital services. The product portfolio spans personal and business deposit accounts (checking, savings, CDs, IRAs, money market accounts), lending products (personal loans, home mortgages, commercial loans, SBA loans, construction loans, equipment financing, lines of credit), and digital banking services. Digital services include Online Banking with Bill Pay, the Mobiliti mobile banking app, Zelle P2P payments, CardValet debit card controls, Positive Pay fraud protection, ACH Manager, Remote Deposit Capture, and Merchant Services. SBA Preferred Loans are a key lending product with loan amounts from $50,000 to $5,000,000. The bank also offers CDARS for FDIC protection on large deposits and maintains a network of approximately 9 branch locations across Texas.

Differentiator

Problem solved

Functional benefit

Products and services

• Star Checking Personal checking account with $100 minimum to open; $10 monthly service charge waived with $100 daily balance or monthly direct deposit; unlimited withdrawals and ATM usage.
• Individual Checking Personal checking account with $100 minimum to open; $10 monthly service charge waived with $750 minimum daily balance; includes check images in statements.
• Honors Checking Checking account for customers age 62 and older with $100 minimum to open; $10 monthly service charge waived with $100 minimum balance; includes free paper and e-statements.
• Interest Checking Interest-bearing personal checking account with $1,000 minimum to open and maintain to avoid the $10 monthly service charge; includes check images and ATM usage.
• Savings Account Personal savings account requiring $500 to open; $5 quarterly service charge if balance falls below $500; three withdrawals allowed per quarter with $5 charge per additional withdrawal.
• TUTMA Youth Savings Account Youth savings account with $100 minimum to open; $5 quarterly service charge waived with $100 minimum balance; limited to three withdrawals per quarter.
• Wagon Wheel Money Market Account Personal money market account requiring $2,500 to open; $15 monthly service charge if balance drops below $2,500; six preauthorized withdrawals per statement cycle.
• Fixed Rate Certificate of Deposit (CD) Fixed-rate CD with $1,000 minimum and terms from 30 days to 5 years; deposits and withdrawals not allowed before maturity; auto-renews at current rate upon maturity.
• Youth CD One-year CD for youth requiring $250 to open; allows additional deposits during term but no withdrawals before maturity; auto-renews at current rate.
• Senior CD One-year CD for seniors with $1,000 minimum to open; $100 minimum additional deposits allowed; no withdrawals before maturity; auto-renews at current rate.
• Fixed Rate IRA Individual Retirement Account with $1,000 minimum and terms of 1 to 5 years; allows deposits but not withdrawals; annual interest payments with auto-renewal at maturity.
• CDARS Investments Network product providing FDIC insurance coverage on multi-million dollar CD investments by distributing funds across network banks in increments below $250,000.
• Premier Business Checking Business checking requiring $300 minimum to open and maintain; first 200 items free monthly; $0.50 per item thereafter; e-statements included with $5 paper statement fee.
• Commercial Checking Business checking account with $20 monthly maintenance fee plus per-deposit slip, per-item, and per-check-paid fees; features earnings credit to offset fees.
• Commercial Wagon Wheel Money Market Business money market account with $2,500 minimum; $15 monthly service charge if balance is under $10,000; six preauthorized withdrawals per statement cycle.
• Personal Loans Unsecured personal loans for individual credit needs, subject to credit approval.
• Home Mortgage Loans Residential mortgage financing offered through GSB Mortgage, Inc., a wholly owned subsidiary of Bank of the West.
• Commercial Loans Loans for commercial business purposes including expansion, working capital, and general business financing needs with local lender decision-making.
• Construction Loans Loans for residential construction projects including speculative single-family homes and contract construction with local lender decisions.
• Equipment Financing Financing for business equipment acquisition or refinancing with local lender support throughout the financing process.
• Commercial Real Estate Loans Loans for commercial property purchase, upgrade, or expansion with flexible terms and local lender expertise.
• Line of Credit Business revolving credit lines for additional working capital needs with easy application and local lender decisions.
• Business Acquisition Financing Loans supporting business acquisitions with flexible terms and prompt acquisition process decisions from local lenders.
• SBA Preferred Loans SBA-guaranteed small business loans including real estate (up to 25 years), equipment (up to 10 years), and permanent working capital; loan amounts from $50,000 to $5,000,000 with adjustable rates tied to NY prime.
• Positive Pay Business check fraud detection service that matches issued checks against presented items, allowing rejection of mismatched checks; offered at no cost to business customers.
• ACH Manager ACH transaction processing service for business customers enabling submission of ACH debits and credits per NACHA Operating Rules with same-day ACH processing.
• Remote Deposit Capture Electronic deposit service allowing business customers to scan and submit checks remotely from their office for improved cash flow.
• Merchant Services Credit and debit card processing services for businesses including terminal options, software transactions, and ARU dial-in authorizations with free processor usage analysis.
• Wire Transfers Wire transfer services for deposit customers with enhanced security measures for identification verification.
• Online Banking 24/7 internet banking platform providing account inquiries, transfers, electronic bill payment, transaction histories, and downloadable account data into Quicken/Money/Excel.
• Mobiliti Mobile Banking Mobile banking application powered by Fiserv for iOS and Android with bill pay, balance inquiry, mobile check deposit, transaction history, fund transfers, and instant balance features.
• Mobile Deposit Check deposit service allowing customers to deposit checks by photographing them in the mobile app; deposits before 3pm CST generally available next business day.
• Zelle Built-in peer-to-peer payment service integrated within online and mobile banking enabling money transfers to friends and family using email addresses or mobile phone numbers within minutes.
• CardValet Debit card management app that lets users set budgets, spending limits by merchant type or region, turn cards on/off, and monitor transactions for fraud prevention.
• Safe Deposit Boxes Secure storage for valuable documents and items available at most branch locations in sizes from 3X5 to 10X10 with annual rental starting at $30.
• BankWestBIZ Mobile App Separate mobile banking application for business customers providing access to business accounts through the eCorp platform.

Quantifiable outcome

• SBA loan approvals typically obtained within 10 business days due to Preferred Lender Program status
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• FiservcoreTechnology or IntegrationFiserv provides the core banking technology platform powering Bank of the West's mobile banking app (Mobiliti). The partnership enables digital banking services including balance inquiry, bill pay, mobile check deposit, fund transfers, and the Instant Balance feature. Fiserv is a major financial technology provider that powers the bank's digital customer experience.
• MoneyPasscoreTechnology or IntegrationBank of the West participates in the MoneyPass ATM network, providing its debit cardholders with access to 37,000 surcharge-free ATMs across the US. This partnership eliminates ATM withdrawal surcharge fees at non-Bank of the West ATMs for the bank's customers.
• Zelle (Early Warning Services, LLC)coreTechnology or IntegrationBank of the West integrates Zelle, a peer-to-peer payment service operated by Early Warning Services, LLC, within its online and mobile banking platforms. Zelle enables customers to send, request, and receive money using email addresses or US mobile phone numbers, typically within minutes.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerBank of the West participates in the SBA's Preferred Lender Program, originating and servicing small business loans through SBA guarantee programs. As a Preferred Lender, the bank has delegated authority to process and approve SBA loans more quickly, typically within 10 business days. Loan amounts range from $50,000 to $5,000,000 with terms up to 25 years.
• GSB Mortgage, Inc.coreOEM/ Whitelabel/ Licensing PartnerGSB Mortgage, Inc. is a wholly owned subsidiary of Bank of the West that handles mortgage lending products. Customers with mortgage questions are referred to GSB Mortgage at (817) 310-1980. This internal subsidiary partnership enables the bank to offer mortgage products while maintaining specialized expertise within a dedicated subsidiary.

Scale indicators4 records

Recent moves9 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bankofthewesttx
• Facebookfacebook.com/BankoftheWestTexas
• LinkedInlinkedin.com/company/bnkwest
• Instagraminstagram.com/bankofthewesttexas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of the West