Santa Clara Valley Bank Ranks #1 In Ventura And Santa Barbara County SBA Loan Originations
Santa Clara Valley Bank Corporate Headquarters
SANTA PAULA, CA. July 30, 2007- Santa Clara Valley Bank, N.A. (SCVBank;OTC BB:SCVE.OB) announced that the Los Angeles District Office of the Small Business Administration (SBA) recently released its fiscal year 2007 third quarter lender rankings (through 6/30/07) for Los Angeles, Ventura, and Santa Barbara Counties. SCVBank originated more SBA loans by dollar volume than any other bank headquartered in Ventura or Santa Barbara Counties. For the nine month period, SCVBank ranks 43rd out of 130 banks listed in the LA district, originating 13 SBA loans for over $5 million.
"Our SBA loan program has continued to gain momentum over the past several years. The benefits of the program for individual businesses are quite evident, along with the positive impact it provides to the local economy", reflected Executive Vice President and Chief Credit Officer Charles Elliott.
SCVBank, a PLP lender (Preferred Lender Program), is also approved under the SBA's Express loan program and most recently the Patriot Express loan program, which supports America's military community. Eligible participants for the Patriot Express program include: veterans, active-duty military nearing the end of their service, reservists, and National Guard members, and spouses of service members, including widowed spouses. For more information, please contact Charles Elliott at 525-5871.
Founded in 1998, Santa Clara Valley Bank has offices in Santa Paula, Fillmore, and Valencia. Under its stock symbol of SCVE.OB, Santa Clara Valley Bank's stock is traded through Wedbush Morgan Securities, Howe Barnes Hofer & Arnett, and Monroe Securities. The Bank's web site is www.SCVBank.com.
901 East Main Street
Santa Paula, California 93060
Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions.