SANTA CRUZ, Calif., Dec. 14, 2017 /PRNewswire/ -- Santa Cruz County Bank today announced the signing of a 20-year lease for its future new headquarters at 75 River Street in downtown Santa Cruz. Built in 1966 as a branch of Salinas Valley Savings and Loan, the building at 75 River Street has a long history as a location for financial institutions. This location is a highly visible gateway to downtown Santa Cruz, at the corner of River and Water Streets.
Santa Cruz County Bank plans to combine and relocate two of its Santa Cruz banking operations into the new headquarters. Approximately 44 employees who currently work in the Bank's downtown Santa Cruz branch and Administrative offices will move into the new, 14,000 plus square foot location. The building at 75 River Street will undergo modernization and tenant improvements prior to occupancy, which is anticipated in summer of 2018.
President and CEO of Santa Cruz County Bank, David V. Heald commented, "The signing of a new lease to occupy 75 River Street signifies our commitment to serve Santa Cruz County for the long term. The new location will provide many new conveniences for our existing clients and those who join us in the future, along with better parking and visibility. We take pride in serving our clients, and this move to a cornerstone building in downtown Santa Cruz symbolizes the value we place in the community we serve."
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, lines of credit, commercial real estate financing, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment, and cash management. For the past nine years, the Bank's SBA Department has been recognized as a top SBA lender in Santa Cruz County. Santa Cruz County Bank is a top USDA lender in the state of California.
Santa Cruz County Bank stock is publicly traded on the OTC marketplace under the stock symbol SCZC. Stock purchase orders may be placed through a brokerage firm or one of the Market Makers listed in the Investor Relations section of the bank's website. For more information about Santa Cruz County Bank, please visit our website www.sccountybank.com.
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