Santa Cruz County Bank In The News

10/22/2014

SANTA CRUZ - Santa Cruz County Bank posted a record $1.2 million profit for the quarter ending Sept. 30, up 26 percent from the prior quarter and up 45 percent from a year ago.

David Heald, the bank's president and CEO, attributed the results to "sustainable growth in earnings, assets, loans and deposits while controlling expenses."
 
Loans totaled $297 million, up 1 percent from the prior quarter and up 24 percent from a year ago. That growth reflected $15.5 million in loan payoffs.
 
The 10-year-old locally owned bank made $41.7 million in loan commitments during the quarter, and funded $28.4 million.
 
Heald said the commitments included $22 million in commercial and industrial loans, largely in agriculture, a special focus for the bank along with wineries, and in hospitality.
 
Read the full story at www.santacruzsentinel.com

8/25/2014
 
SANTA CRUZ - Santa Cruz County Bank on Thursday declared a quarterly cash dividend of 5 cents per share, payable Oct. 10 to stockholders of record as of the close of business on Sept. 25. This is the sixth cash dividend declared by the 10-year-old locally owned bank.
 
Santa Cruz County Bank reported record quarterly net income of over $1 million for the second quarter ending June 30. Book value that date was $16.79 per share, up from $15.61 on June 30, 2013.
 
 
Read the full story at www.santacruzsentinel.com

7/28/2014

CAPITOLA - Sheryl Guidera, for 25 years the owner of Kaleidoscope, the parent teacher toy store, is looking for a buyer so she can retire.

 
Noelle Klein, for 41 years the owner of Pretty Mama specializing in affordable fashion for all sizes, put her store on the market and then announced a going-out-of-business sale.
 
About three dozen businesses are for sale in Santa Cruz County, according to BizBen.com, an online network focused on business opportunities in California.
 
Peter Siegel, BizBen.com founder, expects more owners to put their business on the market in the fall.
 
Business sales jumped nationwide last year and brokers expect more this year because of baby boomers retiring, according to BizBuySell.com, an online business-for-sale marketplace.
 
Read the full story at www.santacruzsentinel.com

7/16/2014

SANTA CRUZ -- Santa Cruz County Bank posted a profit of $1 million for the quarter ending June 30, up 18 percent from the prior quarter and up 24 percent from a year ago.

Loans at the 10-year-old locally owned bank totaled $293 million, growing 5 percent — $14.9 million — from the prior quarter and up 23 percent from a year ago.

David Heald, bank president and chief executive officer, said loan production for the quarter totaled $25.5 million and loan payoffs of $9 million.

There were seven commercial real estate loans for $8.6 million, 17 commercial loans for $4.6 million and four construction loans for $2 million, Heald said.

Read the full story at www.santacruzsentinel.com

5/23/2014

SEASCAPE — Ten-year-old Santa Cruz County Bank celebrated a record year in loans, re-elected current board members and declared the recession over at an annual shareholder's meeting Thursday at Seascape Resort.

It's been "a pretty phenomenal year," said Angelo DeBernardo Jr., a senior vice president and senior lending officer at the bank.

The bank booked $116 million in new loans, $15 million more than in 2012, and, according to federal data, gained local market share as of June 2013.

In general, the economic picture for the region is one of growth, said David Heald, CEO and president of the bank.

"I'd say over the last couple of years we have seen good growth and I would say that yes we have basically come out of (the recession)," Heald said. "We are now growing. A lot of the economic indicators do show that as well." The Bay Area is booming and driving real estate prices "pretty hard" within the Bay area.

Read the full story at www.santacruzsentinel.com

5/21/2014

Santa Cruz County Bank has declared a cash dividend of five cents per share, payable on July 10 to stockholders of record as of June 25. This is the fifth cash dividend declared by the 10-year-old locally owned bank.

Shareholders' equity grew to $34.9 million as of March 31, up 14 percent over the prior year.

Book value per share was $16.35 compared to $15.55 a year ago. Earnings were 41 cents per share, the same as a year ago. 

Read the full story at www.santacruzsentinel.com

4/25/2014

SANTA CRUZ -- Santa Cruz County Bank, 10 years old and locally owned, posted a profit of $869,00 for the quarter ending March 31, up 1 percent from the prior quarter and up 9 percent from a year ago.

Gross loans totaled $278 million, growing 8 percent — $20 million — from the prior quarter and up 21 percent from a year ago.

"We had a very big quarter in loan production," said senior vice president Mary Anne Carson, citing $37.8 million in loan commitments, up from $31 million the prior quarter, with $5.1 million in payoffs. 

Read the full story at www.santacruzsentinel.com

1/29/2014

SANTA CRUZ -- Locally owned Santa Cruz County Bank, which posted a record $3.3 million profit in 2013, will celebrate its 10th anniversary Monday with the launch of Popmoney, a high-tech service to transfer funds with an email or cell phone number.

Bank employees have trained for six weeks to convert to the Fiserv platform.

"We outgrew our old system," said David Heald, bank president and chief operating officer, noting the new system not only adds Popmoney but offers operating efficiencies for a bank with assets of $398 million.

Read the full story at www.santacruzsentinel.com

11/29/2013

Small business lending rebounded this year to $29 million in Santa Cruz County, nearly double the $15 million the year before and surpassing the 2006 pre-recession peak of $25 million.

Loan volume remained about the same as last year but this year's loans were larger.

The U.S. Small Business Administration reported 50 loans in Santa Cruz County for working capital or expansion during fiscal 2013, which ended Sept. 30, compared to 49 the year before.

The top lender was Santa Cruz County Bank, which extended 16 loans totaling $7.6 million.

Read the full story at www.santacruzsentinel.com

11/21/2013

Santa Cruz County Bank stockholders will receive a 5-cent cash dividend per share, the company announced Wednesday, just a few weeks after reporting a 6 percent jump in profits from a year ago.

Total value of the dividends is about $100,000. It is the third cash dividend declared by the bank, which was founded in 2004.

Read the full story at www.santacruzsentinel.com

Page 1 2 3 4 5 6 7 8 9 10 11 12 13 14    Next >>

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 Read the full story at www.santacruzsentinel.com

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 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