OTC-PINK:SCZC

Santa Cruz County Bank Hires Senior Vice President, Senior Relationship Manager, Natalie E. Taaffe

Retrieved on: 
Tuesday, April 30, 2024
Sierra Nevada, Historical society, National Association of Realtors, Los Altos History Museum, City, NMLS, OTCQX, Bridge bank, Growth, Senior, Bank, Commerce, San Francisco Bay Area

SANTA CRUZ, Calif., April 30, 2024 /PRNewswire/ -- Santa Cruz County Bank (OTCQX:SCZC), with assets over $1.7 billion, is a top-rated community bank headquartered in Santa Cruz County.

Key Points: 
  • SANTA CRUZ, Calif., April 30, 2024 /PRNewswire/ -- Santa Cruz County Bank (OTCQX:SCZC), with assets over $1.7 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • The Bank is pleased to announce that Natalie E. Taaffe has joined as Senior Vice President, Senior Relationship Manager to serve clients in the Greater Bay Area.
  • Ms. Taaffe served as EVP Construction Lending Manager for Bridge Bank of San Jose and opened the firm's Construction and Real Estate Lending Division.
  • Jon Sisk, Executive Vice President and Chief Banking Officer, remarked, "We are excited to welcome Natalie to the team.

West Coast Community Bancorp, Parent Company of Santa Cruz County Bank, Reports Earnings for the Quarter Ended March 31, 2024

Retrieved on: 
Tuesday, April 23, 2024
Bank, Sale, Good Times, Collection, ACL, SBA, AFS, OTCQX, History

SANTA CRUZ, Calif., April 23, 2024 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp", OTCQX: SCZC), the parent company of Santa Cruz County Bank (the "Bank"), announced unaudited earnings for the first quarter ended March 31, 2024. Net income for the quarter was $9.3 million, an increase of 5% both from $8.8 million in the prior quarter and $8.9 million in the quarter ended March 31, 2023. Basic and diluted earnings per share in the first quarter of 2024 were $1.11 and $1.10 and increased over the prior quarter by $0.06 and $0.05, respectively. Basic and diluted earnings per share in the first quarter of 2024 also increased over the prior year comparative quarter by $0.06 and $0.05, respectively.

Key Points: 
  • SANTA CRUZ, Calif., April 23, 2024 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp", OTCQX: SCZC), the parent company of Santa Cruz County Bank (the "Bank"), announced unaudited earnings for the first quarter ended March 31, 2024.
  • Basic and diluted earnings per share in the first quarter of 2024 also increased over the prior year comparative quarter by $0.06 and $0.05, respectively.
  • For a 12th consecutive year, we were voted Best Bank in Santa Cruz County by Good Times readers.
  • Tangible common equity to tangible asset ratio increased from 11.47% at December 31, 2023 to 12.50% at March 31, 2024.

West Coast Community Bancorp, Parent Company of Santa Cruz County Bank, Reports Record Annual Earnings For 2023

Retrieved on: 
Thursday, January 25, 2024
Silicon, FDIC, AFS, ACL, ABL, Bank, Insurance, Housing, Sale, SBA, OTCQX, Tourism, PPP, Cryptocurrency

SANTA CRUZ, Calif., Jan. 25, 2024 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp", OTCQX: SCZC), the parent company of Santa Cruz County Bank (the "Bank"), announced unaudited record earnings for the year ended December 31, 2023 of $35.2 million, a $4.2 million or 14% increase over 2022. Basic and diluted earnings per share in 2023 improved over 2022 by $0.55 and $0.54, respectively, to $4.18 and $4.16. Unaudited earnings for the quarter ended December 31, 2023 were $8.8 million, a decrease of 3% from $9.1 million in the prior quarter and a decrease of 12% from $10.0 million in the fourth quarter of 2022. Basic and diluted earnings per share in the fourth quarter of 2023 were both $1.05, and decreased over the prior quarter by $0.04 and $0.03, respectively. Both basic and diluted earnings per share in the fourth quarter of 2023 decreased over the prior year comparative quarter by $0.13.

Key Points: 
  • SANTA CRUZ, Calif., Jan. 25, 2024 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp", OTCQX: SCZC), the parent company of Santa Cruz County Bank (the "Bank"), announced unaudited record earnings for the year ended December 31, 2023 of $35.2 million, a $4.2 million or 14% increase over 2022.
  • Basic and diluted earnings per share in 2023 improved over 2022 by $0.55 and $0.54, respectively, to $4.18 and $4.16.
  • Both basic and diluted earnings per share in the fourth quarter of 2023 decreased over the prior year comparative quarter by $0.13.
  • Tangible common equity to tangible asset ratio increased from 10.89% at September 30, 2023 to 11.47% at December 31, 2023.

West Coast Community Bancorp Named to 2024 OTCQX Best 50

Retrieved on: 
Thursday, January 18, 2024
Growth, Bank, OTCQX

SANTA CRUZ, Calif., Jan. 18, 2024 /PRNewswire/ -- West Coast Community Bancorp (OTCQX: SCZC), holding company for Santa Cruz County Bank, is pleased to announce it has been named to the 2024 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The ranking of top performing OTCQX companies is based upon total return and growth in average daily dollar volume in 2023.

Key Points: 
  • SANTA CRUZ, Calif., Jan. 18, 2024 /PRNewswire/ -- West Coast Community Bancorp (OTCQX: SCZC), holding company for Santa Cruz County Bank, is pleased to announce it has been named to the 2024 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
  • The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.
  • Companies in the 2024 OTCQX Best 50 were ranked based on 2023 stock performance.
  • Santa Cruz County Bank President and CEO Krista Snelling stated, "Compared to 575 companies of all sizes, industries, and geographic regions, West Coast Community Bancorp ranked 37th among the 2024 OTCQX Best 50 performing companies with a return of 22.00% to shareholders in 2023.

Santa Cruz County Bank Ranks #1 for Number of U.S. Small Business Administration Loans in Silicon Valley

Retrieved on: 
Wednesday, January 3, 2024
American City Business Journals, Economic development, Bank, SVP, SBA, OTCQX

SANTA CRUZ, Calif., Jan. 3, 2024 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.77 billion, is a top-rated community bank headquartered in Santa Cruz County. Today, the Bank announced its #1 ranking as top lender for number of SBA loans and its #3 ranking based upon total dollar volume of SBA loans in the Silicon Valley.

Key Points: 
  • SANTA CRUZ, Calif., Jan. 3, 2024 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.77 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today, the Bank announced its #1 ranking as top lender for number of SBA loans and its #3 ranking based upon total dollar volume of SBA loans in the Silicon Valley.
  • Santa Cruz County Bank made 23 loans totaling $22.58 million in volume in Silicon Valley as defined by the Silicon Valley Business Journal which includes Santa Clara, Santa Cruz, and Monterey Counties.
  • Santa Cruz County Bank ranks 41st out of 198 SBA 7(a) lenders in the state of California for the fiscal year from October 1, 2022, to September 30, 2023.

West Coast Community Bancorp, Parent Company of Santa Cruz County Bank, Reports Earnings For the Quarter Ended September 30, 2023

Retrieved on: 
Tuesday, October 24, 2023
Government, Federal Reserve responses to the subprime crisis, Insurance, Sale, FDIC, AFS, Bank, Federal Home Loan Banks, OTCQX, Life, ACL, Pressure, County, Federal Reserve, PPP, Growth, Current Expected Credit Losses, Tourism, Borrowing base, San Francisco, United States Department of the Treasury, Investment, SBA, Federal government of the United States, Video game, Cryptocurrency, Rare-earth element

SANTA CRUZ, Calif., Oct. 24, 2023 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp", OTCQX: SCZC), the parent company of Santa Cruz County Bank (the "Bank"), announced unaudited earnings for the quarter ended September 30, 2023 of $9.1 million, an increase of 10% from $8.3 million in the prior quarter and a decrease of 1% from $9.2 million in the third quarter of 2022. Basic and diluted earnings per share in the third quarter of 2023 were $1.09 and $1.08, respectively, and both improved over the prior quarter by $0.10. Basic and diluted earnings per share in the third quarter of 2023 improved over the prior year comparative quarter by $0.01 and $0.04, respectively.

Key Points: 
  • Basic and diluted earnings per share in the third quarter of 2023 improved over the prior year comparative quarter by $0.01 and $0.04, respectively.
  • Year-to-date earnings for the nine-month period ended September 30, 2023 were $26.3 million, an increase of 26% from $20.9 million over 2022.
  • Deposits totaled $1.53 billion at September 30, 2023, an increase of $61.5 million or 4%, compared to June 30, 2023.
  • The Bank's cost of funds increased nine basis points from the second quarter of 2023 of 0.78%, to 0.87% in the third quarter of 2023.

Santa Cruz County Bank Recognized by American Banker

Retrieved on: 
Thursday, October 12, 2023
OTCQX, American Banker, Woman, Executive, Creativity, Bank, Federal Home Loan Bank Board, Growth

SANTA CRUZ, Calif., Oct. 12, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County. Today, the Bank announced two national recognitions by American Banker Magazine. Krista Snelling was named in American Banker Magazine's 25 Most Powerful Women in Banking and Finance - Watch List for 2023. Four members of the Bank's executive team received American Banker Magazine's Women in Banking Top Teams Award: Krista Snelling, President & Chief Executive Officer, Cecilia Situ, Chief Financial Officer, Mary Anne Carson, Chief Marketing Officer, and Shamara van der Voort, Chief Operations Officer.

Key Points: 
  • SANTA CRUZ, Calif., Oct. 12, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today, the Bank announced two national recognitions by American Banker Magazine.
  • Krista Snelling was named in American Banker Magazine's 25 Most Powerful Women in Banking and Finance - Watch List for 2023.
  • Santa Cruz County Bank Board Chairman Stephen Pahl remarked, "It is an honor to receive recognition within our industry from American Banker.

Santa Cruz County Bank Announces Completion of Holding Company Formation, West Coast Community Bancorp

Retrieved on: 
Monday, August 28, 2023
OTCQX, Greater Community Bancorp, OTC Markets Group, Bank, Corporation, WCCB, Security (finance)

SANTA CRUZ, Calif., Aug. 28, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.

Key Points: 
  • SANTA CRUZ, Calif., Aug. 28, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today, the Bank announced the consummation of its holding company reorganization with West Coast Community Bancorp ("WCCB"), effective August 18, 2023.
  • As a result of the transaction, Santa Cruz County Bank has become a wholly owned subsidiary of WCCB, and shareholders of the Bank have become shareholders of the holding company on a "one share for one share" basis.
  • The Board of Directors of West Coast Community Bancorp and Santa Cruz County Bank are identical: Chairman Stephen D. Pahl, Vice Chairman & Corporate Secretary John C. Burroughs, Caroline D. Chapin, Kenneth R. Chappell, Craig French, Thomas N. Griffin, James L. Weisenstein and Santa Cruz County Bank President & CEO Krista Snelling.

Santa Cruz County Bank Announces New Chief Credit Officer Shawn Lipman

Retrieved on: 
Monday, August 7, 2023
New Markets Tax Credit Program, Senior, Team leader, Paycheck Protection Program, Paycheck Protection Program and Health Care Enhancement Act, Business administration, OTCQX, Knowledge, Bank, Credit, Union Bank, San Diego State University, Shawn, Management

SANTA CRUZ, Calif., Aug. 7, 2023 /PRNewswire/ -- Santa Cruz County Bank (OTCQX: SCZC) www.sccountybank.com with assets over $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.

Key Points: 
  • SANTA CRUZ, Calif., Aug. 7, 2023 /PRNewswire/ -- Santa Cruz County Bank (OTCQX: SCZC) www.sccountybank.com with assets over $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today the Bank announced Shawn Lipman, who has worked for the Bank since 2011, will succeed Susan Just as Executive Vice President and Chief Credit Officer.
  • Ms. Just has served in the Chief Credit Officer role for the past two years and is leaving the Bank in late August.
  • In his 12-year career at Santa Cruz County Bank, Mr. Lipman was promoted multiple times and served for the past two years as Senior Vice President and Director of Credit Administration.

Santa Cruz County Bank Reports Earnings For the Quarter Ended June 30, 2023

Retrieved on: 
Tuesday, July 25, 2023
Insurance, Pressure, Failure, Life, Current Expected Credit Losses, Community, AFS, FDIC, Federal government of the United States, Government, Sale, Federal Home Loan Banks, PPP, Federal Reserve responses to the subprime crisis, Federal Reserve, Collection, Investment, OTCQX, SBA, Growth, Bank, United States Department of the Treasury, Environment, Cryptocurrency, Real estate, Video game

SANTA CRUZ, Calif., July 25, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.

Key Points: 
  • SANTA CRUZ, Calif., July 25, 2023 /PRNewswire/ -- Santa Cruz County Bank (the "Bank", OTCQX: SCZC), with assets of $1.75 billion, is a top-rated community bank headquartered in Santa Cruz County.
  • Today, the Bank announced unaudited earnings for the quarter ended June 30, 2023.
  • Basic and diluted earnings per share in the second quarter of 2023 decreased over the prior quarter by $0.06 and $0.07, respectively.
  • Santa Cruz County Bank President and CEO Krista Snelling commented, "For the second quarter, the Bank's gross loans (excluding PPP) once again set a quarterly record.