Western Capital Corporation Announces Completion of $55 Million Senior Unsecured Notes Offering
Receives Investment Grade Rating from Morningstar DBRS
December 9, 2025
Western Capital Corporation (the “Company”), holding company for Northwest Bank, announced the completion of a $55 million private placement of its 6.875% fixed rate senior unsecured notes (the “Notes”) due 2030.
On November 17, 2025, Morningstar DBRS assigned an investment grade rating of BBB (low) with a Stable trend to the Company. Morningstar DBRS also assigned credit ratings to Northwest Bank, including a Long-Term Issuer Rating of BBB with a Stable trend. The net proceeds from the Notes will be used to redeem the Company’s existing $25 million senior notes and for general corporate purposes, including supporting ongoing operations, strengthening liquidity and funding strategic initiatives aimed at delivering long-term value to shareholders.
Join us for an open house at our new full-service branch in Cottonwood Heights, UT
April 16, 2024
We're excited to announce that our Utah loan production office is becoming a full-service branch as of May 1.
The community is invited to an open house reception on May 16 from 2-4 p.m. (MDT) to celebrate the launch of the new branch and explore its expanded range of products and services.
The community is invited to an open house reception on May 16 from 2-4 p.m. (MDT) to celebrate the launch of the new branch and explore its expanded range of products and services.
Postponed: New date to be announced soon!
Grand opening reception celebrates new loan production office in Nampa, ID
March 18, 2024
We are pleased to announce the grand opening celebration of our new loan production office located in the downtown historic district of Nampa, Idaho, at 101 11th Ave. South, Suite 200, inside the Historic Nampa Library Building.
Northwest Bank & Western Capital Corporation appoint Derek Straight to board of directors
April 20, 2022
Northwest Bank and its holding company, Western Capital Corporation, announced today that Derek Straight has joined the board of directors for both companies.
We've launched a new website!
May 11, 2021
We are excited to announce that we have launched a new website (as of May 11). This new site gives our website a more modern feel and refreshed appearance, while still giving you easy access to your accounts and financial information…
Northwest Bank & Western Capital Corporation appoint Denise Smith to board of directors
November 23, 2020
Northwest Bank and its holding company, Western Capital Corporation, announced today that Denise “Dee Dee” Smith has joined the board of directors for both companies. Ms. Smith is a resident and native of Boise, Idaho. She currently…
We’ve got a new view of Seattle!
November 17, 2020
The Seattle location of Northwest Bank is moving to the Rainier Tower, just three blocks from the current office location. Beginning Tuesday, January 19, 2021, our branch operations will be located at 1301 5th Avenue in Suite 2110. (We will…
Supporting Small Business through COVID-19
March 17, 2020
As strong supporters of small businesses, Northwest Bank will continue to do everything we can to support our communities. We understand that many of our Small Business Administration (SBA) program customers have questions about their existing loans, as well as…
Northwest Bank is here for you during COVID-19
March 17, 2020
The health and safety of Northwest Bank employees and clients is foremost in our thoughts and actions as we respond to the evolving challenge of the coronavirus (COVID-19). Northwest Bank will always focus on people first. Each of you is…