Personal   Business   Branch Locations   About Us   News   Contact Us
Home

Press Releases
   2014
   2013
   2012
   2011
   2010
   2009
   2008
   2007

News Articles

Newsletter
    Archive


SCVBank Exceeds $100 Million in Loans

Santa Paula, CA. December 22, 2008- Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced it achieved a milestone level of $100 million in loans outstanding.

As of December 17, 2008, the Bank’s gross loans outstanding were $100,764,000. The Bank’s loan growth during 2008 equals a robust 23%.

Michael D. Hause, President and CEO stated, “We are proud of the fact that during the current credit crisis SCVBank has been able to make loans to assist our region’s business and real estate climate. While other lenders’ funds have dried up, SCVBank has been a source of financing to scores of new loan recipients and current customers. Our shareholders can be assured that these loans were conservatively underwritten with strong collateral and financial support.”

Chairman Guy Cole remarked, “We are very proud of the strong capital position of the Bank that has allowed us to seek strong lending relationships. Our long-term strategy of being a lender that has the long-term interests of our Bank and customers in mind, coupled with outstanding underwriting, has allowed SCVBank to maintain extremely high asset quality. It’s all about SCVBank providing constructive credit which builds strong long-term relationships with our customers.”

On December 1, 2008, SCVBank celebrated its 10th anniversary. The Bank has been rated a 5- Star “Superior” performing bank by BauerFinancial, Inc. for the past 13 quarters.

Bank assets as of 11/30/08 were $118.3 million, an increase of 10.3%, over the 2007 year-end level of $107.35 million.

--------------------------------------------------------------------

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 McAdams Wright Ragen, Howe Barnes Hofer & Arnett, and Wedbush Morgan Securities. The Bank's web site is www.SCVBank.com.

Santa Clara Valley Bank Corporate Headquarters
901 East Main Street
Santa Paula, California 93060
805-525-1999

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.

 
Security || Privacy Disclosure Notice || Mission Statement

© Copyright, Santa Clara Valley Bank. All Rights Reserved.