Edition: June 2008



 Local Lender$

 By Richard Acello



First Business Bank Details

Contact Info

First Business Bank
12265 El Camino Real, Suite 100
San Diego, CA 92130
Phone: (858) 847-4780
Facsimile: (858) 847-4781
Email: nrogge@fbbank.com
Nathan Rogge, 38, President/CEO

Key Facts

  • Date opened for business: Opened as Ramona National Bank in 2001; name changed to First Business Bank in 2007

  • Assets as of latest quarter: $73.1 million

  • ROA: -0.39 percent

  • Core capital as percentage of assets: 31 percent

  • Provision for loan losses: $676,000 (12/31/07)

  • Plant the flag: The bank has offices in Del Mar, La Mesa and Ramona and is planning further expansion in the next few years.

  • Employees: 31

Directors

  • John Farkash, chair, president of Farkash Construction Inc.

  • William V. Ehlen, president of Iron Horse Investments, an investment real estate management firm.

  • Lester Machado, D.D.S., M.D. Machado practices oral and maxillofacial surgery in San Diego.

  • John F. McGrath, former president and CEO of First Business Bank.

  • Nathan L. Rogge, president and CEO of First Business Bank.

    Key personnel

    Rogge; Paula J. Berggren, executive v.p. and chief credit officer; William Roche III, executive v.p. and CFO; Sharon Fraher, senior v.p. and CAO.

    Niche or target customer

    First Business Bank serves individual, professional and business clients in San Diego County, with a focus on small and medium-sized enterprises.


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