SANTA CRUZ, Calif.,
June 16, 2015 /PRNewswire/ -- Santa
Cruz County Bank (OTCQX: SCZC), a locally owned and operated
full-service bank headquartered in Santa
Cruz County, today announced that George Harrison will join the bank as Senior
Vice President and Chief Credit Officer, effective June 29, 2015.
Mr. Harrison has an extensive education and professional
background in finance, lending, credit administration and credit
review, and has held the title of Chief Credit Officer and Senior
Loan Officer for four independent community banks in Northern California. Most recently, Mr.
Harrison was Chief Credit Officer for the past three years for
Community Bank of the Bay where he managed a diverse loan
portfolio, supervised lending and credit administration, and
supervised the growth of the loan portfolio while maintaining
strong credit quality.
Early in his career, with Lloyds Bank, Mr. Harrison established
himself as a proficient manager and commercial banker with strong
analytical skills. With his comprehensive understanding
of banking, he accelerated through the ranks in commercial banking
and lending to Chief Credit Officer. Later, he established
Restuccia & Harrison, the largest independent loan review and
examination firm in Northern
California, where he spent ten years as a General Partner.
In 2010, he launched The Harrison Financial Group, an independent
bank consulting and credit review firm.
Mr. Harrison obtained a Bachelor of Science degree in Finance
from the University of Utah, and
graduated from the American Bankers Association's Commercial
Lending Graduate School in Oklahoma.
Commenting on his new appointment, Mr. Harrison stated, "Santa
Cruz County Bank is well known in the industry as a well-managed
bank with exceptional financial ratings. I am extremely honored to
become part of the bank's experienced management team and I look
forward to contributing to its continued growth and future
successes."
The Bank's Chief Credit Officer position was previously held by
Geoffrey Loftus, who passed away in
January 2015.
David Heald, President and CEO
commented, "George brings a well-rounded and unique background to
the Chief Credit Officer position though his experience managing
credit portfolios and his understanding of credit risk and loan
reviews. His experience managing credit portfolios and
understanding of credit risk are essential to his position and are
an asset to the Bank. We look forward to George's contributions to
the Bank and to our community in the years ahead."
Mr. Harrison will be based out of the Bank's Administrative
headquarters in Santa Cruz.
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 and lines of credit,
commercial real estate finance, agricultural loans, SBA and USDA
government guaranteed loans, credit cards, merchant services,
remote deposit capture, and online services, including bill payment
and cash management. The Bank's SBA Department has been recognized
as a top SBA lender in Santa Cruz
County for 7a and 504 loans for the past nine years.
American Banker Magazine ranked Santa Cruz County Bank in its
"Top Performing 200 Community Banks and Thrifts in the United States" based upon 3-year average
return on equity - 115th out of 851 institutions.
The Findley Reports designated the Bank as one of eleven
"Exceptional Banks" in California
in 2012, and as a Super Premier Performing Bank for the past five
consecutive years. Santa Cruz County Bank has also received the
designation of 4-Star "Excellent" and a 5-Star "Superior" by Bauer
Financial Reports, Inc., for its 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.
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SOURCE Santa Cruz County Bank
