Bank of the West Expanding to Tempe

A San Francisco based bank, Bank of the West, will be expanding by placing a new office in Tempe. The announcement was made on Thursday, October 5th by the financial institution.

The office in Tempe will include office space for 1,000 workers allowing the creation of more local jobs overall. 

The announcement was made in conjunction with the Arizona Commerce Authority and Governor Doug Ducey’s office.


Bank of the West has been offered a grant totaling $3 million and if all jobs are filled the company will qualify for about $6 million in tax credits.

President and CEO of Bank of the West, Nandita Bakhsi said, “Bank of the West is very pleased to be increasing our presence in Arizona — a state known for its diverse, talented and entrepreneurial residents. Our new facility in Tempe will be an important addition to our footprint and plan a key role in our long-term growth.”

Bakhsi also states the bank appreciates the support given by the Arizona Commerce Authority, the city of Tempe, and Governor Doug Ducey.

After a national search, the Tempe location was chosen near Interstate 10 south of Phoenix Sky Harbor International Airport.

The office will be led by Bank of the West’s head of corporate services division, John Thomason. Thomason has worked for the bank for over 20 years and has worked over 10 years on the senior management committee.

As Thomason manages the new location, the company’s culture, vision and values will be integrated into the Tempe office.

Thomason says that there will be a range of professional positions at the Tempe office including corporate service, traditional and support roles.

Governor Ducey said the bank’s decision to locate in Tempe shows Arizona has an ideal operating environment and high-quality workers needed to meet the requirements of industry-leading companies. He also added the office will provide new financial service jobs for Arizonians.

Tempe Mayor Mark Mitchell states, “We are thrilled to welcome Bank of the West and their employees to Tempe – there is no doubt they will be a great value to our local economy.”