SANTA CRUZ, Calif.,
April 29, 2013 /PRNewswire/ -- Santa
Cruz County Bank announced today that it has ranked as the
30th largest provider of SBA loans in California statewide, out of a total of 199
lenders. The data was released by the U.S. Small Business
Administration (SBA) for the first six months of the 2013 fiscal
year. The 199 statewide SBA lenders include banks, credit
unions and certified development companies providing SBA 7a and 504
loans in California. Santa Cruz County Bank, with over
$367 million in assets, generated
over $16 million in SBA loans in the
six months from October 1, 2012 to
March 31, 2013.
(Logo:
http://photos.prnewswire.com/prnh/20130118/SF44947LOGO)
Santa Cruz County Bank's SBA Department Manager, Susan Chandler, stated, "For a small community
bank, our placement of 30th out of 199 lenders speaks
volumes for the Bank's commitment to supporting small businesses.
Loans to small businesses help boost our local, regional and
statewide economies. This achievement is the result of the
experience, reputation and dedication of our talented SBA
team."
"We're pleased to see Santa Cruz County Bank increasing their
lending to small businesses and joining the top 15% of California
SBA lenders. In the first half of this fiscal year, Santa Cruz
County Bank has more than doubled their level of SBA lending from
all of last year, which is good for Santa
Cruz and great for small business," said U.S. Small Business
Administration (SBA) San Francisco District Office District
Director Mark Quinn.
For the year ended December, 31, 2012 compared to December, 31,
2011, Santa Cruz County Bank's gross loans increased 18%, or
$34 million to $226 million.
ABOUT SANTA CRUZ
COUNTY BANK
Santa Cruz County Bank,
founded in 2004, is a locally owned and operated community bank
with offices located in Aptos,
Capitola, Santa Cruz, Scotts
Valley and Watsonville. The
Bank offers a variety of competitive deposit and lending solutions
for businesses and individuals; including business loans, lines of
credit, commercial real estate financing, agricultural loans, SBA
and USDA government guaranteed loans, credit cards, merchant
services, remote deposit capture, and online banking bill payment
and cash management. For the past seven years, the Bank's SBA
Department has been recognized as a top SBA lender in Santa Cruz County for 7a and 504
loans.
RATINGS & AWARDS
The Findley
Reports, Inc.
* 2012 – One of eleven "Exceptional Banks" in
California
* 2011 – "Super Premier Performing Bank"
Bauer Financial Reports, Inc.
Santa Cruz
County Bank has also received the distinction of 4-Star "Excellent"
and a 5-Star "Superior" by Bauer Financial Reports, Inc., for
financial performance every quarter since 2007.
For more information, visit
www.sccountybank.com.
Santa Cruz County Bank's common stock is listed Over the
Counter (OTCQB) under the stock symbol SCZC.
This release may contain forward-looking statements
that are subject to risks and uncertainties. Such risks and
uncertainties may include but are not necessarily limited to
fluctuations in interest rates, inflation, government regulations
and general economic conditions, and competition within the
business areas in which the Bank is conducting its operations,
including the real estate market in California and other factors beyond the Bank's
control. Such risks and uncertainties could cause results for
subsequent interim periods or for the entire year to differ
materially from those indicated. Readers should not place undue
reliance on the forward-looking statements, which reflect
management's view only as of the date hereof. The Bank undertakes
no obligation to publicly revise these forward-looking statements
to reflect subsequent events or circumstances.
SOURCE Santa Cruz County Bank
