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Weststar

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WestStar Bank Market Research Report



Company Overview



Name:


WestStar Bank

Mission:


To be the Borderplex region's leading financial institution committed to driving the growth, prosperity, and success of their clients, communities, team members, and shareholders. WestStar focuses on creating long-term relationships with family businesses, professional firms, and successful individuals through exceptional client experiences and comprehensive financial solutions. Their approach maximizes the long-term value of shareholders' investments and improves the communities they serve.

Founded:


WestStar's history is rooted in the early 20th century. Its foundations were laid with the First National Bank of Fabens, which opened in 1920, and Bank of the West, established in 1990. The two banks merged in 2016 to form the current institution.

Key People:



  • L. Frederick (Rick) Francis: Chairman

  • Edward Escudero: Vice Chairman

  • David Osborn: President & Chief Executive Officer

  • Other key executives include:

  • Liliana Miranda, Executive Vice President & Chief Commercial Banking Officer

  • Jerry Harris, Executive Vice President & Chief Credit Officer


Headquarters:


601 N. Mesa St., Suite 1100, El Paso, TX 79901

Number of Employees:


Over 330 team members

Revenue:


No information is available.

Known For:


WestStar is known as the leading commercial bank in the Borderplex region, providing diverse banking services, treasury management, investment services, and boasting a strong community presence through civic and philanthropic engagement.

Products



Product Offerings:


WestStar provides an array of banking services, including:

  • Deposit Accounts: Tailored personal and business deposit solutions.


  • Business Loans: Customized lending options to support business growth.


  • Credit Cards: Various business credit card options to meet entrepreneurial needs.


  • Financial Education Services: A set of financial education modules that cover a range of topics from financial basics to investing and planning for retirement.


  • Other Financial Services: Insurance and mortgage solutions, including investment property and refinancing options.


Product Descriptions and Key Features:


  • Personal & Business Accounts: Include features like bill pay, mobile deposit, and transaction monitoring.

  • Business Credit Services: Offer solutions tailored to meet business challenges.

  • Financial Education: Provides modules covering diverse subjects like debt management, retirement planning, and small business financial strategies.


Recent Developments



Recent Developments:


  • Community Engagement: Continues involvement in community service with a commitment to supporting local organizations such as Boys & Girls Clubs and El Pasoans Fighting Hunger.

  • Recognition: Consistent "Outstanding" ratings (five consecutive) in Community Reinvestment Act (CRA) evaluations, underscoring their investment in underserved communities.


New Products:


No information is available.

New Features:


No information is available.

Partnerships:


No information is available.

This detailed overview reflects WestStar Bank's current standing and commitments in the financial and local community sectors, highlighting their broad variety of services and community-focused initiatives.