Good Business Bank

[gandalf]

We’re considering changing our banking relationship. We’re a startup information technology business, good growth YoY, < $1M revenues FY2007. Any recommendations on where to bank here in San Diego? Looking for a reasonably conservative firm with a solid balance sheet, not too much exposure, good services. Curious about some of the regional banks, although not sure location matters much anymore. Any thoughts or comments on the commercial banking scene here in San Diego?

[vagabondo]

I can’t suggest any particular bank. I can tell you that we currently use both Sovereign Bank and US Bank for our business (chemical industry). We moved our business to SD two years ago and would have continued with Sovereign, but alas, they are not located here. While I think a local banking relationship is important, we maintain a line of credit with a Sovereign Philadelphia branch. No real complaints with either, though I’d say US Bank is a tad more conservative with their revolving credit lines and they nickel and dime me a little more than Sovereign.

We have been thinking of looking at Wells Fargo because of their balance sheet strength.

[vagabondo]

I can’t suggest any particular bank. I can tell you that we currently use both Sovereign Bank and US Bank for our business (chemical industry). We moved our business to SD two years ago and would have continued with Sovereign, but alas, they are not located here. While I think a local banking relationship is important, we maintain a line of credit with a Sovereign Philadelphia branch. No real complaints with either, though I’d say US Bank is a tad more conservative with their revolving credit lines and they nickel and dime me a little more than Sovereign.

We have been thinking of looking at Wells Fargo because of their balance sheet strength.

[vagabondo]

I can’t suggest any particular bank. I can tell you that we currently use both Sovereign Bank and US Bank for our business (chemical industry). We moved our business to SD two years ago and would have continued with Sovereign, but alas, they are not located here. While I think a local banking relationship is important, we maintain a line of credit with a Sovereign Philadelphia branch. No real complaints with either, though I’d say US Bank is a tad more conservative with their revolving credit lines and they nickel and dime me a little more than Sovereign.

We have been thinking of looking at Wells Fargo because of their balance sheet strength.

[vagabondo]

I can’t suggest any particular bank. I can tell you that we currently use both Sovereign Bank and US Bank for our business (chemical industry). We moved our business to SD two years ago and would have continued with Sovereign, but alas, they are not located here. While I think a local banking relationship is important, we maintain a line of credit with a Sovereign Philadelphia branch. No real complaints with either, though I’d say US Bank is a tad more conservative with their revolving credit lines and they nickel and dime me a little more than Sovereign.

We have been thinking of looking at Wells Fargo because of their balance sheet strength.

[vagabondo]

I can’t suggest any particular bank. I can tell you that we currently use both Sovereign Bank and US Bank for our business (chemical industry). We moved our business to SD two years ago and would have continued with Sovereign, but alas, they are not located here. While I think a local banking relationship is important, we maintain a line of credit with a Sovereign Philadelphia branch. No real complaints with either, though I’d say US Bank is a tad more conservative with their revolving credit lines and they nickel and dime me a little more than Sovereign.

We have been thinking of looking at Wells Fargo because of their balance sheet strength.

[WestCoastNole]

I am using WaMu ( at least until they go under ;->) – I have worked with several companies / consultants that use Wells Fargo and each has had good things to say about them – I will probably take my business account there whenever WaMu bites the dust – I would go with my Credit Union (Wescom – they ROCK ! ), but they don’t do business accounts – I used BoA for a long time as they have branches pretty much anywhere I go on business travel, but I finally got fed up with their garbage ( I REALLY do not recommend BoA ! ) – Good luck with your business !

[WestCoastNole]

I am using WaMu ( at least until they go under ;->) – I have worked with several companies / consultants that use Wells Fargo and each has had good things to say about them – I will probably take my business account there whenever WaMu bites the dust – I would go with my Credit Union (Wescom – they ROCK ! ), but they don’t do business accounts – I used BoA for a long time as they have branches pretty much anywhere I go on business travel, but I finally got fed up with their garbage ( I REALLY do not recommend BoA ! ) – Good luck with your business !

[WestCoastNole]

I am using WaMu ( at least until they go under ;->) – I have worked with several companies / consultants that use Wells Fargo and each has had good things to say about them – I will probably take my business account there whenever WaMu bites the dust – I would go with my Credit Union (Wescom – they ROCK ! ), but they don’t do business accounts – I used BoA for a long time as they have branches pretty much anywhere I go on business travel, but I finally got fed up with their garbage ( I REALLY do not recommend BoA ! ) – Good luck with your business !

[WestCoastNole]

I am using WaMu ( at least until they go under ;->) – I have worked with several companies / consultants that use Wells Fargo and each has had good things to say about them – I will probably take my business account there whenever WaMu bites the dust – I would go with my Credit Union (Wescom – they ROCK ! ), but they don’t do business accounts – I used BoA for a long time as they have branches pretty much anywhere I go on business travel, but I finally got fed up with their garbage ( I REALLY do not recommend BoA ! ) – Good luck with your business !

[WestCoastNole]

I am using WaMu ( at least until they go under ;->) – I have worked with several companies / consultants that use Wells Fargo and each has had good things to say about them – I will probably take my business account there whenever WaMu bites the dust – I would go with my Credit Union (Wescom – they ROCK ! ), but they don’t do business accounts – I used BoA for a long time as they have branches pretty much anywhere I go on business travel, but I finally got fed up with their garbage ( I REALLY do not recommend BoA ! ) – Good luck with your business !

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