Bank of the West is one of the leading bank lenders to U.S. agriculture, according to an American Bankers Association online ranking of the Top 100 Farm Lenders.They ranked below only Wells Fargo Bank.
The bank ranked second in the nation with approximately $3.2 billion in agricultural loans at the end of last year.
"This top ranking reflects Bank of the West's continued commitment to the agricultural sector," said Roger Sturdevant, executive vice president and head of the Bank of the West's Agribusiness Division. "We continue to successfully support our customers through our conservative and pragmatic lending culture. Our consistency as bankers is something agribusiness people appreciate – they know we have been here through both good and challenging times."
Bank of the West began lending to farmers in 1874 and, today, its Agribusiness Division assists customers throughout the United States with offices strategically located in Western and Midwestern agricultural centers including Napa, Fresno, Corona, Omaha, Des Moines, Sioux Falls and Minneapolis.
The bank's relationship managers have industry and regional lending expertise, which enables them to work with customers to provide financing solutions and support for specialized areas of agriculture including wine, dairy, greenhouse/nurseries, livestock, grain, fruit and nut, field crops and their related industries such a food processing, packing and shipping.
Other banks listed in the top 10 farm lenders included Rabobank, Bank of America, U.S. Bank, First National Bank of Omaha, BMO Harris Bank, Great Western Bank, Pinnacle Bank and JPMorgan Chase Bank.