SOURCE: Seacoast Commerce Bank

Seacoast Commerce Bank

SOURCE: Seacoast Commerce Banc Holdings

Seacoast Commerce Banc Holdings

April 10, 2015 10:00 ET

Seacoast Commerce Banc Holdings Announces Hiring of Scott R. Andrews as Executive Vice President and Chief Administrative Officer

SAN DIEGO, CA--(Marketwired - April 10, 2015) - Seacoast Commerce Banc Holdings (OTCQB: SCBH) ("Company"), and its wholly owned subsidiary, Seacoast Commerce Bank ("Bank"), today announced the hiring of Scott R. Andrews as the Executive Vice President and Chief Administrative Officer for both the Company and the Bank.

Andrews has more than 35-years' experience covering all aspects of banking, having worked in large, regional, and community banks. His responsibilities have ranged from retail and business banking management, where he managed over 200 branch locations, to managing business development teams, business lending operations, cash-management and treasury operations, marketing, corporate properties, and branch back-office operations. Andrews also has extensive experience in forming de novo banks, opening branches, completing mergers and acquisitions, successfully integrating transactions, and completing capital raisings. 

Andrews comes to Seacoast from Pacific Commerce Bank in Los Angeles, California, where he was President and Chief Executive Officer, until its merger with Vibra Bank on April 8, 2015. At Pacific Commerce, Andrews was responsible for the bank's turn-around, improved credit quality, increased efficiencies, significant balance sheet growth, and returning the bank to profitability. Andrews is a graduate of San Diego State University and the Stonier Graduate School of Banking.

Richard M. Sanborn, Seacoast's President and Chief Executive Officer commented, "We are very fortunate to have Scott join us, given his extensive background, experience, and past accomplishments. His strong leadership position in the community and industry, along with his proven track record of growth, profitability, and a keen focus on adding shareholder value, will add nicely to our team. We have absolute confidence Scott is the right person to lead our administrative functions which will include our branches and branch operations, deposit growth initiatives, treasury and cash management functions, as well as help with the evaluation and implementation of new growth opportunities within the Company and the Bank."

Seacoast Commerce Banc Holdings, and its wholly-owned subsidiary, Seacoast Commerce Bank, are headquartered in San Diego, California, with full-service branches in San Diego, Chula Vista, and Glendale, California, and production offices in San Diego, Orange County, Los Angeles, Sacramento and San Ramon, California; Phoenix, Arizona; Denver, Colorado; Portland, Oregon; Las Vegas and Reno, Nevada; Houston and Dallas, Texas; and Seattle, Washington. For information on the bank please visit our bank website at www.sccombank.com. For more information on Seacoast Commerce Banc Holdings please visit our holding company website at www.scbholdings.com or contact Richard M. Sanborn, President and Chief Executive Officer at 858-432-7001.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such "forward-looking" statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and regulatory matters.

Contact Information

  • Richard M. Sanborn
    President and Chief Executive Officer
    858-432-7001