SANTA CRUZ, Calif., Aug. 27, 2012 /PRNewswire/ -- Santa Cruz County Bank (SCZC), a locally owned and operated full-service bank headquartered in Santa Cruz County, today announced the hiring of Sati Kanwar, formerly with Valley Community Bank.
Mr. Kanwar, who has more than 20 years of government guaranteed (SBA, RDA, USDA & B&I) experience in lending, joined the bank as Senior Vice President, SBA Business Development Officer. Mr. Kanwar's professional background includes five years as Senior Vice President of SBA/RDA, USDA & B&I Lending for Valley Community Bank and an additional seven years at Heritage Bank of Commerce under the same title. He also served as Vice President & Manager of SBA Lending at Coast Commercial Bank for ten years and as a Loan Officer for the SBA's San Francisco District Office for two years. Mr. Kanwar is a graduate of Golden Gate University of San Francisco where he obtained an MBA in Finance.
"Santa Cruz County Bank has proven itself to be a leading SBA lender locally as well as in the Silicon Valley. I'm pleased to be part of this experienced lending team and appreciate working again for a local bank committed to making a difference locally through lending and community involvement," stated Mr. Kanwar.
David Heald, President and CEO commented, "Sati Kanwar's extensive lending expertise is a compliment to the depth of talent in our SBA department. We look forward to continued growth in our SBA and USDA portfolios."
Santa Cruz County Bank has been a Preferred SBA Lender through the U.S. Small Business Administration since 2005. In 2007, the Bank hired veteran SBA lenders Susan Chandler and Jorge Reguerin, formerly with Heritage Bank of Commerce, to grow its SBA Department. Since that time, Santa Cruz County Bank has expanded its array of loan products to include Business & Industry (B&I) and Farm Service Agency (FSA) lending through the USDA and has ranked in the top 10 SBA lenders in the Silicon Valley.
ABOUT SANTA CRUZ COUNTY BANK
Headquartered in Santa Cruz, Santa Cruz County Bank is a full service bank serving the banking needs of individuals and businesses throughout Santa Cruz County. The Bank operates five full-service banking offices and two self-serve banking centers. The Bank's full-service banking offices are located in Aptos, Capitola, Santa Cruz, Scotts Valley and Watsonville. The Bank commenced operations on February 3, 2004 in Santa Cruz.
Santa Cruz County Bank's common stock is listed on the Over the Counter (OTC) Bulletin Board under the stock symbol SCZC. More information on the Bank may be obtained through its website: www.sccountybank.com or by calling 831.457.5000.
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