Bank of the West lays off 203 employees in San Ramon

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The corporate and administrative staff at Bank of the West’s office in San Ramon has recently shrunk following the layoffs of more than 200 workers based out of the Bishop Ranch location.

According to data from the state Employment Development Department, 203 Bank of the West workers at 2527 Camino Ramon were notified of permanent layoffs on July 10 that will go into effect Sept. 15.

“We are working closely with affected employees to provide support and to ensure they are treated with fairness and respect,” Bank of the West spokesperson Scott Doll told DanvilleSanRamon.

Doll emphasized that the cuts were in the corporate office only, with no expected impact to staffing at any of the bank’s branches — something he said San Francisco-based Bank of the West had been committed to avoiding amid its acquisition by Bank of Montreal, which was announced in 2021 and completed this summer.

In addition to the 203 layoffs in San Ramon, EDD data shows 45 permanent layoffs at the bank’s downtown San Francisco offices.

Doll said that Bank of the West remained committed to serving customers in its home state, pointing to a $40 billion community benefits plan of which $16 billion was set for California communities.

Bank of the West’s system is set to be converted to Bank of Montreal’s in the coming weeks, with the process being complete after the upcoming holiday weekend.

“We look forward to welcoming our Bank of the West clients to BMO following our conversion over Labor Day weekend, providing them with greater convenience, speed, and more product options to help them make real financial progress,” Doll said.