Cuyamaca Bank
Main Office:
9955 Mission Gorge Road
Santee, CA 92071
(619) 562-6400
www.cuyamacabank.net

President and CEO: Bruce Ives, 38

Opened for business: 1983

• Capital matters: Closed the fourth quarter of 2002 with assets of about $90 million, up 21 percent from the same time in 2001.
  
  
• ROA: Bank return on assets was 0.62 in 2002; Ives sees improvement this year to the 0.80 range.
  
  
• Core capital: 8.34 percent of assets at Dec. 31, compared to 9.16 percent at year-end ’01.
  
  
• Provision for loan losses: $180,000 at Dec. 31, compared to $85,000 in 2001.
  
  
• Plant the Flag: Cuyamaca has four offices, the most recent opening in Encinitas last July. Others in Santee, El Cajon and La Mesa. No plans to open new offices this year.
  
  
• Employment: Grew from 52 to 57 in 2001, a 10 percent increase.
  
  
• Directors:
  
  Arthur Butler Jr., vice chairman, is a former director and executive vice president of Grossmont Bank, and a former vice president of 1st National Bank of San Diego.
  
  Duane Dubbs II, director, founded Windmill Construction Co. Inc. in 1973, which is involved exclusively with projects in eastern San Diego County. He also is a board member of the Lakeside Design Review Board.
  
  Bruce Ives is the bank’s president and CEO.
  
  Donald Jennings, director, is the president of D.B. Jennings Inc., an investment management firm.
  
  Richard Levenson, director, is the senior vice president of Western Financial Corp. Before joining Western Financial, Levenson managed more than $40 million in equity securities and options for a private investor.
  
  Thomas Page, chairman, is a director of Leap Wireless and former chair of Enova Corp. and San Diego Gas and Electric Co.
  
  James Salvatore, director, is the owner of Salvatore Construction and Sal’s Plumbing and Hardware.
  
  Ernest Shaw, secretary, is a retired physician and clinical professor of cardiology at UCSD.
  
  Denis Vanier, director, is president of Vanier Industries and chairman of the board/CEO of Kiernan Label Corp.
  
  
• Key personnel
  
  Paul Cable is chief financial officer.
  
  Philip Chapman is chief credit officer.
  
  
• Niche or target customer:
  “One niche we’ve found is the mobile home lending arena, but our primary emphasis is small to mid-sized businesses (sales of $250,000 and up) and high-net worth individuals.”