SOURCE: Seacoast Commerce Bank

Seacoast Commerce Bank

July 15, 2013 15:42 ET

Seacoast Commerce Bank Announces Opening of Branch in Glendale, California

SAN DIEGO, CA--(Marketwired - Jul 15, 2013) - Seacoast Commerce Bank (OTCQB: SCCB) today announced that it has opened its third full-service branch in Glendale, California, located in Los Angeles County. The branch will be managed by Carlo Honanian, a long-time banking veteran in Glendale, who previously managed the Glendale office for First California Bank, along with Julie Yegiaian, Operations Officer, and Kenny Harris, Customer Service Representative. First California Bank was recently acquired by and merged into Pacific Western Bank.

The Glendale branch will open initially in our existing loan production office, located at 200 N. Maryland Avenue, Suite 301, in Glendale, and will move to a permanent location after completion of improvements to the facility.

Richard M. Sanborn, President & Chief Executive Officer, commented, "We are very excited to finally open our third full-service branch, and, have Carlo and his team growing our presence in Los Angeles County. Approximately one-third of our loan production comes from the Los Angeles areas, and having a full-service branch in that market helps us better serve that client base."

Carlo Honanian, Vice President and Banking Services Manager, stated, "After the announcement of First California's sale, my team and I were presented with many opportunities. After careful consideration and review, it became clear that Seacoast Commerce Bank was the right choice for us, and the individuals and businesses in the greater Los Angeles area looking for the an exceptional bank. Seacoast's philosophy, business process, and focus on service will make us the bank of choice in the area." Honanian concluded.

Seacoast Commerce Bank is a business bank headquartered in San Diego, California, with offices in San Diego, Chula Vista, Orange County, Los Angeles, Palm Desert, Sacramento and San Ramon, California; Phoenix, Arizona; Las Vegas and Reno, Nevada; Dallas and Houston, Texas; Salt Lake City, Utah; and Bellevue, Washington. For more information on the bank please visit our website at 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

  • Contact:
    Richard M. Sanborn
    President & Chief Executive Officer
    Phone: 858-432-7001