Western Capital Bank earns conditional approval

Western Capital Bank, 1750 W. Front St., Boise, recently received conditional approval. Regulators including the Federal Deposit Insurance Corp. and Idaho Department of Finance have granted conditional approval for the launch of Western Capital Bank (in organization), the bank said in a release. The bank is pursuing an opening in April

Western Capital Bank officers and board members include accomplished Boise and Pacific Northwest business professionals who are responsible to create and deepen outstanding client relationships. They include Rob Perez, president and CEO; Jack Nowatzki, chief credit officer; Neva McCormick, chief financial officer; David Robinson, cashier; Stuart Kerber, relationship manager; Jennifer Sato, loan administration manager; Tamara Johnson, client service; Judy Kandler, client service/loan administration; and Laura Manzer, client service.

The Board of Directors consists of Jeff Gow, CEO of Polygon NW Co.; Tamara Brandstetter, president and CEO of Delta Dental; William Ilett, president of TransCorp, Inc and managing investor of the Idaho Stampede; John Mitchell, economist and former professor at Boise State University; Steve Wasson, bank consultant and former executive vice president of US Bank and Rob Perez, president and CEO of Western Capital Bank.

Western Capital Bank (in organization) is an Idaho-based wholly owned subsidiary of Western Capital Corporation. Western Capital Bank will be chartered by the Idaho Department of Finance to carry out banking services for customers in Idaho. Deposits will be insured by the FDIC.