Monte H. Schwartz
Regents Bank
875 Prospect
La Jolla, CA. 92037
Phone: (858) 729-7710
mschwartz@regentsbank.com

• Chief Credit Officer, age 51
  
  Date opened for business: Sept. 14, 2001.
  
  
• Assets as of latest quarter: $202.9 million as of Sept. 30.
  
  
• ROA: 0.8 percent.
  
  
• Core capital as percentage of assets: 7.26 percent.
  
  
• Provision for loan losses: $1.65 million in provision for loan losses has been accumulating on our balance sheet since the bank's inception, including $290,500 in loan loss provision for this year.
  
  
• Plant the flag: Three branches (La Jolla, Downtown San Diego, and Vancouver, Washington) with a fourth now under construction in Carlsbad, scheduled to open in the first quarter of 2006.
  
  
• Employees: 46
  
  
• Directors
  
  Thomas Young, chairman of the board.
  
  Dan Yates, president/CEO, Regents Bank.
  
  William Nelson, president, Nelson Management.
  
  Pat Shea, attorney.
  
  William Roper, Jr., executive vice president, SAIC.
  
  Pat Barber, partner, JMI Equity.
  
  Roger Joseph, president, Franklin Croft.
  
  
• Key personnel: Thomas Young, chairman; Dan Yates, president/CEO; David Sherwood, chief operations officer; Randy Krenelka, chief financial officer; Monte Schwartz, chief credit officer.
  
  
• Niche or target customer: Small to mid-sized closely held companies with revenues in the $5 million to $75 million range. Within this group, target companies have been in business at least five years and have a consistent record of successful operations. The average loan size is $500,000 to $2 million for lines of credit and $2 million to $3.5 million for loans. The majority of real estate loans is concentrated in the SBA 504 product, used by business concerns to purchase the property that the business operates out of and conforming investment real estate loans for investment properties.