Santa Cruz County Bank In The News
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.Read the full story at www.santacruzsentinel.com
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.
Read the full story at www.santacruzsentinel.com
"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.
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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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.
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.
The exhibit, which has run from Sept. 17 through Jan. 18, is a collaboration with the local group Santa Cruz Oil Painters (SCOP) and features over 100 oil paintings of local, state and national parks located across California.
Since the Santa Cruz County Bank opened in 2004, it has been committed to collaborating with various local artists in an effort to promote art education and awareness.
Senior vice president and director of marketing for the Santa Cruz County Bank, Mary Anne Carson, said the banks’ artistic collaborations are an “ongoing commitment to supporting and reinvesting in the [Santa Cruz] community.”
For “Painting Our Parks,” Carson wanted to capture the natural beauty of California’s parks while also promoting the oil paintings of SCOP.
Tryg Thorensen got a construction loan from Santa Cruz County Bank for $1.25 million to expand beds from 14 to 21 at De Un Amor, a residential care facility for the elderly in Corralitos he's run for 18 years.
Manuel Rodrigues, who owns five Ace Hardware stores with his brother Carlos and employs 52 people, refinanced and consolidated loans at Santa Cruz County Bank, and hired three more employees for the Watsonville location.
Santa Cruz County Bank posted a $785,000 profit for the quarter ending Sept. 30, up 24 percent from the prior quarter and up 2 percent from a year ago.
The quarterly jump "was in part due to our election to sell some of our loans," said David Heald, bank president and chief executive officer. "In comparison to quarterly earnings for 2011, we did not have the benefit of gains taken in our securities portfolio."
The sun's chilling the fruits and veggies at Watsonville Coast Produce these days.
The wholesale distributor has installed 2,400 solar panels to power its more than 60,000-square-foot Kearny Street office and warehouse, including 18,000 square feet dedicated to refrigerated coolers.
The conversion to solar power is just one of several steps the company has taken in the past several years to go green with the aim of boosting the bottom line and preserving the business and environment for future generations.