SOURCE: Seacoast Commerce Bank

Seacoast Commerce Bank

November 04, 2013 08:00 ET

Seacoast Commerce Bank Completes Relocation of Glendale Branch and SBA Loan Production Office

SAN DIEGO, CA--(Marketwired - Nov 4, 2013) - Seacoast Commerce Bank (OTCQB: SCCB) today announced that it has completed the relocation of its full-service branch and SBA loan production office in Glendale, California, to 505 N. Brand Blvd., Suite 110, Glendale, CA 91203. Seacoast opened the Glendale branch in a temporary facility while the permanent location was being completed. The branch will be managed by Carlo Honanian, Branch Relationship Manager, and Julie Yegiaian, Branch Operations Manager, both long-time banking veterans in Glendale who previously managed the Glendale office of First California Bank. Seacoast is taking over the First California Bank branch facility recently closed by Pacific Western Bank, after it acquired and merged First California Bank into Pacific Western Bank. Seacoast's SBA loan production officers in Glendale, CA, include Robert Flores and Kelvin Davis.

Richard M. Sanborn, President & Chief Executive Officer, commented, "We are very excited to finally be in our permanent branch location, and, have Carlo and Julie growing our deposit presence in Los Angeles County, alongside Robert and Kelvin growing our SBA lending presence. Presently, over one-third of our SBA loan production comes from the Los Angeles area, and having a full-service branch in that market helps us better serve that client base."

Carlo Honanian, Vice President and Branch Relationship Manager, stated, "After the announcement of First California's sale, Julie 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 an exceptional bank. Seacoast's philosophy, business process, and focus on service will make us the bank of choice in the area."

Seacoast Commerce Bank is a business bank headquartered in San Diego, California, with offices in San Diego, Chula Vista, Orange County, Los Angeles, 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 and Chief Executive Officer