SAN DIEGO, CA--(Marketwired - Oct 30, 2013) - Seacoast Commerce Bank (
Seacoast was also ranked the 4th largest SBA lender in California for the year ending September 30, 2013, having provided small business owners more than $106 million in available financing. Year-end results and rankings by district where Seacoast has lending offices are as follows:
|District||Rank||Amt. Approved (000)|
|Salt Lake City||13th||7,669|
David Bartram, Executive Vice President & Chief Operating Officer, commented, "We are very pleased with the results and our continuation of executing on our strategic growth plan. Our niche is our strength, and our staff and systems allow us to consistently close transactions faster than any of our competitors, which is contributing to our success."
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 www.sccombank.com or contact Richard M. Sanborn, President & 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. This press release contains some non-GAAP financial analysis provided to supplement information regarding the Bank's performance, and to enhance investors' overall understanding of such financial performance.