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Laguna Hills
Thursday, Nov 7, 2024
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IVO TJAN

FOUNDER, CEO, COMMERCEWEST BANK

WHY: Runs 8th-largest commercial bank based in OC. More than $900M in assets. Indonesian native came to U.S. with his parents when he was 8 years old. Knew his career path when he was 18. Has reported profit almost every quarter since its founding.

RECENT: In April, said his bank had processed PPP loans totaling $80M. Average loan size was $200,000. Said “we highly recommend that the proceeds from this loan be deposited into a new deposit account. That way, the payments made using the funds are easily documented.”

QUOTABLE: “We are in the toughest business— lending money. Giving money away is easy. Getting it back is hard.”

2020 HOBBY: “I picked up doing virtual wine tasting for the last 2 months. I have “virtually travelled” to Burgundy, Bordeaux, South Africa, Argentina, Scotland, England, Spain and Napa.”

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