Santa Cruz County Bank In The News

10/23/2013

Santa Cruz County Bank posted a profit of $830,000 for the quarter ending Sept. 30, up 1 percent from the prior quarter and up 6 percent from a year ago.

Gross loans at the locally owned bank totaled $240 million, growing $2.1 million from the prior quarter for a 1 percent increase.

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10/18/2013

"We really thought we want to have the community take one day where all these people who are out there doing wonderful things get to be center stage," said Karen Delaney, executive director for the Volunteer Center.

There are three categories for nominees: groups, businesses and individuals. Nominees are accepted from the public and winners are named in each category by a panel of judges.

"What they really look for are stories that will have that extra little jolt of inspiration and excellence," Delaney said.

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10/15/2013

Santa Cruz County Bank, which has five branches, was the only locally owned bank in the top five, with a market share of 7.8 percent. Deposits grew from $310 million a year ago to $345 million.

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8/27/2013

Santa Cruz County Bank announced Thursday a cash dividend of 5 cents per share payable Oct. 10, to stockholders as of the close of business on Sept. 27.S

This is the second cash dividend declared by the locally owned bank, which opened in 2004. The first cash dividend, 5 cents per share, was paid July 10 to shareholders of record as of June 28.

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8/8/2013

Jon Sisk, a local banker and lender, will become Santa Cruz County Bank's senior vice president and director of real estate and construction lending on Sept. 3.

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7/24/2013

Santa Cruz County Bank posted a profit of $825,000 for the quarter ending June 30, up 3 percent from the prior quarter and up 30 percent from a year ago.

Loans at the 9-year-old locally owned bank totaled $237.8 million, growing $7.3 million from the prior quarter, a 3 percent increase, and up 17 percent from a year ago.

The sector taking out the most loans during the quarter was agriculture and ag-related businesses.

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5/24/2013


"American Banker recognized us as one of the top 200 banks," he said during his report. "We were ranked 103."

He said new loan production was $100 million last year, with loans growing 18 percent compared to an average of 4 percent nationwide.

Efforts to expand in Watsonville are paying off, he added, citing growth in deposits in Watsonville from $60 million to $72 million since bank Vice President Fred Caiocca was assigned to work there.

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4/19/2013

Santa Cruz County Bank posted a profit of $799,000 for the quarter ending March 31, down 6 percent from the prior quarter but up 39 percent from a year ago.

Loans totaled $230.5 million, growing $4.8 million from the prior quarter and $30.7 million from a year ago.

"One of the bank's strategic initiatives is to stimulate our local economy through lending to small business owners," said David Heald, Santa Cruz County Bank president and chief executive officer. "We have achieved growth in our loan portfolio, while most peer banks have had little or no loan growth."

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1/31/2013


For its latest exhibit, the Santa Cruz County Bank challenged six artists to search their subconscious, pulling out images they can only find in their dreams and craft them in the physical realm.

It is only fitting that the exhibit’s title is “In Dreams.”

The show, co-curated by Joan Blackmer and Mary Anne Carson, features the work of six local artists: Karen Kvenvold Bailey, Andrea Borsuk, Selena Castro, Chris Miroyan, Sharon King and Tom Trujillo. It opens Friday and will run through April 26.

More than 90 pieces of work from a variety of media fill the bank’s five locations in Watsonville, Aptos, Capitola, Santa Cruz and Scotts Valley.

Read the full story at www.register-pajaronian.com

1/22/2013

Santa Cruz County Bank posted a profit of $2.8 million for 2012, up 17 percent from the year before.

The locally owned bank, which will mark nine years in February, reported earnings of $1.47 per share for the year, up from $1.27 a year ago, and paid more in taxes, $1.7 million, up from $1.5 million a year ago.

The profit for the quarter was $849,000, up 8 percent from the prior quarter and up 26 percent from a year ago.

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