Contact Info

Rick Sanborn, President/CEO, 45
Seacoast Commerce Bank
678 Third Avenue, Suite 310
Chula Vista, CA 91910
Phone: (619) 409-5762
Fax: (619) 618-4506
E-mail: rsanborn@sccombank.com

• Date opened for business: June 2003
  
  
• Assets as of latest quarter: $66 million
  
  
• ROA: -1.02
  
  
• Core capital as percentage of assets: 17.96 percent
  
  
• Provision for loan losses: $685,000
  
  
• Plant the flag: Currently one branch, but plans for several more over the next several years.
  
  
• Employment: 24

Board of Directors

• Bruce Nunes, chairman, retired bank executive
  
  
• Richard Sanborn, president and CEO
  
  
• Robert DePhilippis, owner, Bobby D. Enterprises/Filippis Pizza Grotto
  
  
• Mark I. Greene, owner, Lucky Motors
  
  
• William S. Schairer, CPA with Lavine, Lofgren, Morris & Engelberg
  
  
• Allan W. Arendsee, owner, A. W. Arendsee Real Estate
  
  
• Richard S. Levenson, president, Western Financial Corp.
  
  
• Ronald A. Bedell, owner, Pacific Horizon Financial

Key personnel

Mark Nugent, executive vice president and chief credit officer; Toni Flannagan, executive vice president and chief financial officer; Ron Perry, senior vice president and SBA loan department manager.

Niche or target customer

SCB targets small-to-medium sized businesses in San Diego County looking for personalized, relationship banking with direct access to the president. Primary niches include manufacturers, wholesalers, distributors, professional services (medical, legal, financial, import/exporters) and real estate industries. The bank also specializes in SBA lending, homeowners’ association banking and religious lending. The legal lending limit is in excess of $3 million; however, the bank is open to participation with other financial institutions to accommodate larger credits if needed.