Edition: May 2008



 Local Lender$

 By Richard Acello



Gateway Pacific Bank Details

Contact Info

Gateway Pacific Bank
TBD, downtown in National City
Phone: (619) 791-9403
Email: garrybarnes@cox.net
Garry Barnes, “early ‘60s”, President/CEO

  • Date opened for business: expects to open “mid-year”

  • Assets as of latest quarter: expects to open with around $15 million

  • ROA: N/A

  • Core (tier I ) capital as percentage of assets: N/A

  • Provision for loan losses: N/A

  • Plant the flag: no branches planned

  • Employment: Barnes says the bank plans to open with about 11 employees.

Directors

National City businessman Alex Carolino is Chairman. Board also includes Hal Brown, associate dean of the school of business administration at SDSU; Tom Garcia, a retired professor from the University of Chicago; and Ed Plant, who owns cold storage facilities in National City.

Key personnel

Barnes is President/CEO; staff TBD.

Niche or target customer

Small and mid-sized businesses, with loans of $50,000 and up.


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