<< Back to News Index

S.C. County Bank issues first quarterly report

April 20, 2004

The following is an article from the Santa Cruz Sentinel

Sentinel staff report SANTA CRUZ – Two months after opening its doors for the first time, Santa Cruz County Bank celebrated $7.8 million in deposits and $3.4 million in loans. The bank announced results Monday for its partial first quarter period, which ended March 31. Thirty percent of the new deposits were in noninterest bearing transaction accounts. More than 70 percent of total loans were commercial loans to local businesses. Total assets at the end of March were $20 million, up from $13.78 million at the start of business in February. The bank opened Feb. 3, five days after a public stock offering of 1.32 million shares of common stock were sold for $10 each. The stock trades on the Over the Counter Bulletin Board (OTC:BB) under the ticker SCZC. On April 12, the most recent share price available, the stock traded at $10.50. The bank has an office at 325 Soquel Ave. in Santa Cruz and plans to open a second full service office in Watsonville. A shareholders meeting will be held May 20 at 2 p.m. at the UCSC Inn & Conference Center.

Alert: You are about to leave our site:
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.

Continue to Master Card Secure Code

Cancel

Alert: You are about to leave our site:
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.

Continue to Arts Collaborative on Facebook

Cancel