Santa Cruz County Bank In The News

3/10/2009

Scott Roseman and Rex Stewart can smile now that their expanded version of New Leaf Community Market, a $4 million project, is ready to open on the Westside at 8 a.m. Wednesday.

With their chief financial officer Kimberly Hallinan, they spent sleepless nights after Comerica bailed at the end of September on the locally owned organic market that opened in Santa Cruz 24 years ago.

Read the full story at www.santacruzsentinel.com

2/10/2009

Despite the recession, locally owned Santa Cruz County Bank eked out a profit for the year on fourth quarter earnings.

Pre-tax net income for the year was $24,000, down 99 percent from $1.7 million from 2007.

Pre-tax net income for the quarter was $376,000, a 137 percent increase from the third quarter when the bank reported a pre-tax loss of $1 million. That was in large part due to bolstering loan loss reserves by $1.4 million.

Read the full story at www.santacruzsentinel.com

6/30/2008

Victor Davis has joined Santa Cruz County Bank as senior vice president, chief financial officer and cashier. He will be based in the Watsonville office. Davis, who lives in Hollister, is a graduate of Pacific Coast Banking School in Washington and studied business management at Wright State University. He has spent 29 years in community banking. Most recently, he was a senior level auditor and consultant for Bank Vision, a risk management consulting firm. He was senior vice president, chief financial officer and cashier of San Benito Bank for 10 years before it was acquired by Pacific Capital, holding company for First National Bank of Central California.

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6/13/2008

Painter, arts administrator and restaurateur Manuel Santana has been chosen as the 2008 Artist of the Year by the Santa Cruz County Arts Commission. To celebrate the selection, the Santa Cruz County Bank Arts Collaborative presents "All Santana," featuring 50 of Santana's acrylics, lithographs and other art works to be on display in the four branches of the bank in Santa Cruz, Scotts Valley, Capitola and Watsonville.

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4/19/2008

Santa Cruz County Bank reported double-digit growth in deposits and assets and a downturn in income in the first quarter of 2008, compared to the previous quarter. The four-year-old locally owned bank reported deposits grew 20 percent to $166.3 million compared to the previous quarter. Assets grew 17 percent to $187.9 million; loans grew 4 percent to $124.4 million. The growth came in face of competition from Lighthouse Bank, a locally owned bank that opened in October.

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3/28/2008

Four-year-old Santa Cruz County Bank is moving its headquarters to downtown Santa Cruz, where it aims to be part of the growing, pedestrian-friendly, green movement Santa Cruz has embraced.

"There's a movement downtown with a growing number of owner-occupied condos and residences being built with this whole idea to walk everywhere, and I think that will bode well for us as well," says Mary Anne Carson, senior vice president and director of marketing for the bank.

Read the full story at www.bizjournals.com

3/20/2008

Stresses from the mortgage crisis are beginning to show in bank operations.

Some 166 banks -- about 2 percent of the 8,525 reviewed -- ended up on the "problem list" of Bauer Financial in the fourth quarter of 2007.

That compares to 108 on Bauer's problem list in the third quarter.

The number of banks rated "middle of the road," earning three or three and a half stars from Bauer, grew from 1,739 to 1,964, increasing from 20 percent to 23 percent. However, 71 percent of the banks rated remain on Bauer's recommended list.

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3/14/2008

Santa Cruz County Bank plans special hours this Saturday, appealing to former Coast Commercial Bank customers to stay with a locally owned bank. The Capitola office at 819 Bay Ave. and the Santa Cruz office at 325 Soquel Ave. will be open from 10 a.m. to 2 p.m.

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2/6/2008

February 6, 2008 Double-digit growth at Santa Cruz County Bank JONDI GUMZ Sentinel staff writer A big fourth-quarter boosted loans to $119 million at Santa Cruz County Bank as of Dec. 31, up 44 percent compared to the prior year. Fourth-quarter loans increased $15 million, a 14 percent jump compared to the prior quarter.

Vice president of marketing Mary Anne Carson attributed the increase to $7 million in loans booked by the bank's Small Business Administration lending office in Capitola, which added staff in August. She said the loans included $4 million to a local hospitality business and $2 million to a local business in the medical industry.

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12/27/2007

Santa Cruz County Bank and Bank of America made the most Small Business Association loans in the county during fiscal 2007.

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