CWG Funds New Bank Formation.MERCED, Calif.--(BUSINESS WIRE)--July 3, 1996--Capital West Group, Inc., a management and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a for financial institutions, has provided the organizational financing for the formation of a new independent bank, The Bank of Lakewood (In- organization) to be headquartered in Lakewood, California Lakewood is a city in Los Angeles County, California, United States. The population was 79,345 at the 2000 census. It is bordered by Long Beach on the west and south, Bellflower on the north, Cerritos on the northeast, Cypress on the east, and Hawaiian Gardens on the southeast. . "The credit facility provided the initial operational funds during the institutions formation and stock offering period," stated Edward E. Schmidt, President and Chief Executive Officer of the Merced based Capital West Group, Inc. "The current banking environment of mergers and acquisitions has created a significant void in independent banking nationwide. The cycle of new bank formations is starting to be seen by regulatory agencies as a resurgence of investors who recognize the long term value of owning the local bank," said Schmidt. Capital West Group, Inc. is positioned to provide correspondent banking Correspondent banking is an account that is established by a domestic banking institution on behalf of a foreign bank for the purpose of handling various financial transactions related to the foreign bank. Correspondent banking allows foreign banks to conduct business in the U.S. services to newly established banks, organizational financing, and the support necessary to determine the competitive operational needs of institutions in today's electronic banking environment. Capital West Group, Inc., correspondent services addresses corporate financing to support merger and acquisition activities, ESOP ESOP See: Employee Stock Ownership Plan ESOP See Employee Stock Ownership Plan (ESOP). leveraging, stock repurchasing and various forms of capital debt to support operating activities of independent banks throughout the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . Providing initial capitalization for the formation of bank holding companies and the acquisition of non- banking subsidiaries are acknowledged as substantial portions of the firms business platform. Capital West Group, Inc. is a subsidiary of Capital Corp of the West (CCOW CCOW Clinical Context Object Workgroup CCOW Channel Control Order Wire CCOW Control Channel Order Wire CCOW Contributing to Coalition Operations Worldwide CCOW Computer Care on Wheels (Brantford, Ontario, Canada) ), a bank holding company, also located in Merced California. For more information, please contact Edward E. Schmidt at 209/725-2269 or through the Internet at: CWGINCSCHM@AOL.COM. CONTACT: Capital Corp of the West Edward E. Schmidt, 209/725-2269 |
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