See What's New at Santa Cruz County Bank
Santa Cruz County Bank is a 4-Star "Excellent" Rated Bank
Santa Cruz County Bank is rated a 4-Star “Excellent” bank by Bauer Financial, Inc. based upon its financial performance for the quarter ending December 31, 1013. Bauer Financial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. For more information on Bauer Financial, Inc, visit www.bauerfinancial.com. Santa Cruz County Bank has ranked as a 4-Star “Excellent” and 5-Star “Superior” bank every quarter in the history of our ratings from Bauer Financial.
Celebrating 10 Years of Serving Our Community
As we enter our tenth year of serving Santa Cruz County, we wish to thank our customers and our community for supporting our vision to be the local community bank of choice. When we first opened our doors in February 2004, we operated out of one location with 13 employees. Today, we operate five full-service banking offices and employ over 70 local staff members. On behalf of everyone at Santa Cruz County Bank, we thank you! Please join us in celebration of our tenth year of serving Santa Cruz! Come in to any of our 5 locations for Customer and Community Appreciation Week from February 3-7th.
Santa Cruz County Bank Announces Record Earnings for the Year Ended December 31, 2013
Santa Cruz County Bank announced a record of $3.3 million in net income for the year ended December 31, 2013. Assets grew by $42 million, 12%, to $398 million for the year ended December 31, 2013 compared to the prior year. Deposits increased by $39 million, 12%, to $360 million for the year ended December 31, 2013 compared with the same period in 2012. Gross loans increased $32 million to $258 million, or 14% over the prior year.
President and CEO David Heald commented, “Our solid deposit base continues to grow, allowing the Bank to meet the lending needs of businesses in our community, while building strong earning assets. We have plenty of capacity to fund more loans as demand and economic conditions improve. We anticipate strong growth in deposits, loans and earnings in 2014. Additionally, we have invested in new technology to strengthen and streamline delivery of products and services to meet the financial needs of our customers in 2014 and many years ahead.”
According to June 30, 2013 FDIC data for deposit market share, Santa Cruz County Bank ranks as the fifth largest financial institution in Santa Cruz County in deposits with 7.77% of total deposit market share. The Bank is the only locally owned community bank within the top five financial institutions for deposit market share.
To read more about the Bank’s performance, please visit our Investor Relations page, which includes quarterly and annual financial reports dating back to 2004.
Santa Cruz County Bank Arts Collaborative presents “Off the Wall”
Opening January 15, 2014
In "Off the Wall", six local artists explore the beauty and space of our 3-dimensional world. The show, curated by Joan Blackmer, includes over 40 works of art and spans across Santa Cruz County Bank’s five locations. Exhibiting artists are Bonnie & Steve Barisof, Bridget Henry, Johnathon Schmuck, Cynthia Siegel, and Lea de Wit. Artwork in the exhibit includes sculpture, ceramics, glass, wood, and other 3-dimensional works specifically designed to hang on the wall. Wall installations created with multiple hand blown glass sculptures complement sculptural works with simple classic forms.
Learn more at our art page. The “Off the Wall” art exhibit is on display at all five Santa Cruz County Bank offices through May 2, 2014.
Special Event: An opening reception will be held on Wednesday March 12th from 5-7pm at 720 Front Street in downtown Santa Cruz. The event is free and the public is welcomed to attend. For more information on the event please visit the event's Facebook page.
Be The Difference Award
One important mission for Santa Cruz County Bank is to offer continued support for our community. We are proud to provide volunteers, fundraising efforts and sponsorships throughout the county for various events. For more information regarding our community involvement visit our Community Involvement page.
In October, Santa Cruz County Bank received the 2013 Volunteer Center of Santa Cruz “Be The Difference” Business Award for leadership and volunteer efforts. We attribute the achievement to all of our employees, our Management team members and our Board of Directors, who are all actively engaged in reinvesting in our community.
Read the full story about Be The Difference Award recipients, nominees, groups, individuals and businesses, including Santa Cruz County Bank.
To view our Be The Difference Award Video, which includes a thank you to all of our Board of Directors and employees, click here
Santa Cruz County Bank Welcomes Jon Sisk
Santa Cruz County Bank welcomes Jon Sisk as Senior Vice President and Director of Construction and Real Estate Lending. Mr. Sisk is a well-established local banker and lender with over 20 years of experience working for local community banks.
“I’ve had the opportunity to work with many members of the Bank’s team over the years at a prior local financial institution. Santa Cruz County Bank has set itself apart from the competition as a leading lender in the county and the state. The Bank is well rated and its reputation in the community is unmatched. I’m honored to join the Bank and its lending team,” stated Mr. Sisk.
Santa Cruz County Bank Ranks in American Banker Magazine’s Top 200 Best Performing Community Banks and Thrifts in the United States
Santa Cruz County Bank ranked 103rd in American Banker Magazine’s Top Performing 200 Community Banks and Thrifts in the United States. A total of 851 institutions, with less than $2 billion in assets, were included in the nationwide ranking. Ranking was based upon 3-year average return on equity for the years ending December 31, 2010, 2011 and 2012.
David Heald, President and CEO commented, “This outstanding performance ranking is the result of our focus and commitment to enhance shareholder value. Our Board of Directors, our Management team and our entire staff are to be commended for our performance, which is especially significant taking into consideration this was achieved during one of the most challenging economic periods our country has experienced.”
Santa Cruz County Bank ranked #1 as “Best Bank”
The votes are in! Santa Cruz County Bank ranked #1 as “Best Bank” in the annual Best of Santa Cruz County Good Times Readers’ Poll. Thank you to all Good Times readers and customers who cast their vote for us! The results mirror our mission to be the community’s bank of choice.
We welcome customer feedback and invite you to complete our Customer Satisfaction Survey so we may continue to deliver the best products and service.
Santa Cruz County Bank Recognized as Exceptional
Santa Cruz County Bank has been designated as an “Exceptional Bank” for 2012 by The Findley Reports, Inc. As a highly regarded financial industry consulting firm, The Findley Reports has been recognizing the financial performance of banking institutions in California for over forty years. Santa Cruz County Bank is one of eleven Exceptional banks in California. The eleven exceptional banks range from $151 million to $6 billion in asset size and date as far back as 1916.
Chairman of the Bank’s Board of Directors George Gallucci commented, "The Board of Directors recognizes that this honor is particularly significant when you realize that our entire span of existence has been during turbulent and challenging economic times. We view this designation as the result of the hard work of management and the diligence and oversight of our Board of Directors."
This Exceptional designation follows the 2011 and 2010 rating of Super Premier Performing for Santa Cruz County Bank and their 2009 designation as one of five Exceptional banks in California by The Findley Reports, Inc.
Gary Steven Findley, Editor of The Findley Reports remarked, “It is a great honor to recognize exceptional banks that are able to perform consistently over several years. Several years ago we recognized Santa Cruz County Bank as an exceptional bank but due to the economic challenges and regulatory environment uncertainty we discontinued such recognition. Santa Cruz County Bank was one of thirty banks to ever receive that recognition and now only twenty one of those banks remain. Of those twenty one – we believe that eleven are worthy of recognition. Based upon their performance these past few years and also the organizational health of the bank demonstrated by consistency of personnel and performance, they remain an exceptional bank. It is great to uplift a banking entity that has not only demonstrated solid financial performance but has been an important part of the community that they serve. Santa Cruz County Bank continues to deliver strong financial performance that ranks in the top 10% of all banks in the Western United States.”
Santa Cruz County Bank welcomes Geoffrey Loftus
Santa Cruz County Bank welcomes Geoffrey Loftus to its Management team as Senior Vice President and Chief Credit Officer. Mr. Loftus has a 35 year banking career with extensive credit origination and commercial lending experience. “Santa Cruz County Bank has proven itself an exceptional community bank by all standards. I am honored to be part of the experienced Management team and a local bank that is both highly rated and well regarded,” stated Mr. Loftus.
Santa Cruz County Bank rated Super Premier Performing Bank
Santa Cruz County Bank has been recognized as a Super Premier Performing Bank by The Findley Reports, Inc. a highly regarded financial industry consulting firm that has been recognizing the financial performance of banking institutions for over forty years. Gary Steven Findley, editor of The Findley Reports remarked, "It is a great honor to recognize exceptional banks that are able to perform consistently over several years. Santa Cruz County Bank is one of those entities. They remain an exceptional bank not only through their financial performance but focus on the community that they serve. In evaluating banks for recognition, The Findley Reports focuses on four components: growth, return on beginning equity, net operating income as a percentage of average assets and loan losses as a percentage of gross loans. Santa Cruz County Bank continues to deliver strong financial performance that ranks in the top 10% of all banks in the Western United States.” Super Premier Performing is the highest rating level established by The Findley Reports, Inc.
Santa Cruz County Bank attains LEED Gold Certification
Santa Cruz County Bank's Santa Cruz banking office has successfully achieved LEED GOLD Certification through the U.S. Green Building Council for its Commercial Interiors remodel. Every Santa Cruz County Bank location is Green Business Certified through the Monterey Bay Area Green Business Association. To find out more about Santa Cruz County Bank's Green practices, click here.
Green Minded Businesses
Meet some of the Green Minded Businesses that bank with us! We're pleased to have relationships with local businesses that have made a commitment to environmental practices. If you're a green minded business that would like to bank with Santa Cruz County Bank, let us know!