Pacific Western Bank announced Jonathan Lorenz has been hired as Colorado Market President. Lorenz is leading Pacific Western Bank's efforts to establish and expand commercial banking services in the state of Colorado.

"We are pleased to have Jon on our team, as there is no one more qualified to help us grow our presence in the state of Colorado," said Matt Wagner, President and CEO. "His success in leading CoBiz Financial's banking franchise is a testament to his strong leadership skills and unique ability to build a top tier banking team."

With over four decades of banking and finance experience, Lorenz most recently served as the Chairman and CEO of Colorado Business Bank and Arizona Business Bank, the principal operating subsidiaries of CoBiz Financial. When Lorenz joined CoBiz it operated two locations with $100 million in assets, and under his leadership it grew to 20 branches with $3.5 billion in assets.

He will be located in Pacific Western Bank's Greenwood Village, Colorado executive offices.

Pacific Western Bank is a Los Angeles-based commercial bank with approximately $24 billion in assets.