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

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