Duyuru • Feb 13
West Coast Community Bancorp Announces Election of New Directors and Planned Retirement of Longstanding Board Director West Coast Community Bancorp elected Gunlek L. Ruder and Alexander B. Potts to the Bank and Bancorp Boards of Directors. Gunlek L. "Gun" Ruder is president and chief executive officer of S. Martinelli & Company, a longstanding, family-owned beverage manufacturer known for its Martinelli's brand of sparkling ciders and juices. Ruder joined Martinelli's in 2013 as vice president and chief financial officer and was promoted to president and CEO in 2019. Prior to joining Martinelli's, he served as president of Agassi Graf Holdings, where he managed direct investments and real estate development, and as regional director of the Canyon Agassi Charter School Facilities Fund, leading underwriting and investment strategy. He previously worked with McKinsey & Company and MBNA. Ruder holds both a Master of Business Administration degree from Stanford University and a Bachelor of Arts degree in history and international relations from Georgetown University. Alexander B. "Alex" Potts is a financial services executive with 30 years' leadership experience in investment management, advisory platforms and fiduciary wealth services. Potts previously served as president and chief executive officer of Loring Ward, a Silicon Valley-based turnkey asset management program that supported 1,700 registered investment advisors and 100 broker dealers in overseeing $37 billion in assets nationwide. Potts played a key role in Loring Ward's strategic combination with Focus Financial Partners, completed in August 2018 in a transaction valued at $235 million. Post combination, Potts served as the president of Focus Partners Advisor Solutions (formerly Buckingham Strategic Partners), a subsidiary of Focus Financial Partners, which was NASDAQ-listed until taken private in August 2023. Potts obtained a Bachelor of Arts degree in economics from Santa Clara University. Bancorp announced longstanding director John C. Burroughs will retire from the Board effective upon the conclusion of Bancorp's next annual meeting of shareholders. Burroughs joined the Board as vice chairman through the 2019 merger with Lighthouse Bank, where he was a founding shareholder and chairman of the board since it was founded in 2007. He is a retired certified financial planner and registered investment advisor who founded and led Burroughs Financial Services and Burroughs-Braley Wealth Management. He has served organizations including the Santa Cruz Symphony, Rotary Club of Santa Cruz, Cabrillo College, Dominican Hospital and Santa Cruz Elks Lodge. He was chairman of the board of directors of Foothill Securities Inc. and a founder and longtime board member of Coast Commercial Bank. Duyuru • Oct 22
West Coast Community Bancorp Declares Quarterly Cash Dividend, Payable on November 10, 2025 On October 16, 2025, the Board of Directors of West Coast Community Bancorp declared a quarterly cash dividend of $0.22 per common share, payable on November 10, 2025, to shareholders of record at the close of business on November 4, 2025. Duyuru • Sep 03
West Coast Community Bancorp and West Coast Community Bank Announce Board Changes West Coast Community Bancorp, the parent company of West Coast Community Bank ("Bank"), announced a series of governance changes at both the Bank and Bancorp Boards of Directors (collectively, the Board) as part of a planned leadership transition. Chairman Stephen Pahl retired following 18 years of service. The Board has appointed Krista Snelling, who currently serves as Chief Executive Officer, to the additional role of Chairman. To further strengthen its governance structure, the Board also created the role of Lead Independent Director, appointing current director Wayne Doiguchi to the position. Doiguchi brings extensive bank leadership experience, having previously served as Chairman and CEO of a community bank and as a director of a Nasdaq-listed bank. His background enhances the Board's independent oversight and adds valuable perspective to its governance. In addition, the Board has appointed Judy Bornstein as a new independent director and member of the Audit Committee. Bornstein is an experienced finance executive with more than 20 years in senior leadership roles across private equity, venture debt and specialty finance. She previously served as Chief Financial Officer ("CFO") and Chief Compliance Officer ("CCO") at Western Technology Investment, a venture debt firm with more than $6 billion in loans issued, CFO at Generate Capital Inc., a sustainable infrastructure investment company, and CFO and CCO at American Infrastructure Funds, a private equity firm focused on master limited partnership-qualifying infrastructure investments. Bornstein is the founder of C Suite Resolutions, where she provides mediation, conflict resolution, and ombuds services to organizations and their executive teams. Her background includes extensive work in SEC compliance, complex fund structures, audit oversight and risk management, making her well-suited to serve on the Board's Audit Committee. Duyuru • Jul 22
West Coast Community Bancorp Declares Quarterly Cash Dividend, Payable on August 11, 2025 On July 17, 2025, the Board of Directors of West Coast Community Bancorp declared a quarterly cash dividend of $0.21 per common share, payable on August 11, 2025, to shareholders of record at the close of business on August 5, 2025. Duyuru • May 08
West Coast Community Bancorp (OTCPK:SCZC) announces an Equity Buyback for $10 million worth of its shares. West Coast Community Bancorp (OTCPK:SCZC) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The repurchases will be funded from internal funds. The program will expire on June 30, 2026. Duyuru • Jan 28
West Coast Community Bancorp Declares Quarterly Cash Dividend, Payable on February 11, 2025 On January 23, 2025, the Board of Directors of West Coast Community Bancorp declared a quarterly cash dividend of $0.19 per common share, an increase of $0.01 from the prior quarter, payable on February 11, 2025, to shareholders of record at the close of business on February 5, 2025. Duyuru • Nov 27
Santa Cruz County Bank Hires Alison Voorhees as Senior Vice President and Director of Marketing Santa Cruz County Bank announced that Alison Voorhees has joined as Senior Vice President and Director of Marketing. Ms. Voorhees is responsible for all aspects of marketing and maintains her office at the Bank's 75 River St., Santa Cruz, Ca. location. Ms. Voorhees has a more than 20-year marketing background with extensive experience in branding, rebranding and creative direction, business and creative writing, corporate and executive communications, strategic business and marketing campaigns, media partnerships and community relations. She is a Certified Financial Marketing Professional (CFMP), Certified Digital Marketing Professional and Professional Certified Marketer (PCM®) in Digital Marketing. Her attention to creative excellence includes internal and external communications, data storytelling, marketing technology and automation tools and overall brand and integrated marketing strategy with a multi-channel approach. Early in her career, Ms. Voorhees established herself as an effective campaign and event coordinator, a strategic business and marketing planner, a dedicated team leader and a committed community partner. Ms. Voorhees most recently ascended to the role of Vice President, Marketing Strategy Manager for Capital City Bank where she also previously served as Assistant Vice President, Advertising Manager and Public Relations Specialist. Prior to a career in banking, she worked in fundraising and special events for Orlando Ballet and Opening Nights Performing Arts as well as in sales and marketing support for Ben Nye Company. Ms. Voorhees holds a Master of Arts in Global Communications from the University of Southern California, a Master of Science in Global Media and Communications from the London School of Economics and Political Science and a Bachelor of Arts in Communications and English from Florida State University. She also obtained a graduate certificate in Publishing and Editing from Florida State University and a certificate in Principles and Practices for Advertising Ethics from the Institute for Advertising Ethics. An avid community volunteer in the arts, elder care, literacy, placemaking, workforce development and youth sports, Ms. Voorhees has relocated to Santa Cruz from Tallahassee, Fla. Duyuru • Oct 17
West Coast Community Bancorp and Santa Cruz County Bank Announce Board Changes West Coast Community Bancorp, parent company of Santa Cruz County Bank (the Bank), announced that Thomas N. Griffin, a founding director of the Bank, has retired from the Board of Directors of Bancorp and Bank, effective September 30, 2024, and Wayne Doiguchi has been appointed to the Board of Directors of Bancorp and Bank. Mr. Griffin was instrumental in the pre-organization phase (de novo) of the Bank, which included the formation and submission of the application and business plan to regulators, initial public capital offering and business development. During Mr. Griffin's board tenure, assets grew, from $13.2 million on February 3, 2004, to $1.8 billion as of September 30, 2024. Several milestones for Bancorp and Bank took place under Mr. Griffin's service as board member, including the successful merger with Lighthouse Bank in 2019, expansion into Monterey County and Silicon Valley, continued top performance rankings as well as continual dividend growth and the most recent merger with 1st Capital Bancorp, which closed on October 1, 2024. Mr. Doiguchi has more than 40 years of experience in the Bay Area banking industry, most recently as director of California Bank of Commerce. Previously, he was a founding board member and later Chairman and CEO of Pan Pacific Bank. He holds a master of business administration degree from Santa Clara University and a bachelor of arts degree from the University of California, Los Angeles. He is also a graduate of Pacific Coast Banking School at the University of Washington. Duyuru • Oct 03
West Coast Community Bancorp (OTCPK:SCZC) completed the acquisition of 1st Capital Bancorp (OTCPK:FISB). West Coast Community Bancorp (OTCPK:SCZC) entered into an agreement to acquire 1st Capital Bancorp (OTCPK:FISB) for $60.4 million on May 20, 2024. The transaction valued at approximately $63 million, or $10.78 per FISB share, based on the closing price of $29.94. Under the terms of the Agreement, shareholders of FISB are expected to receive a fixed exchange ratio of 0.36 shares of SCZC common stock in exchange for each share of FISB common stock. Santa Cruz County Bank will change its name to West Coast Community Bank as part of its merger. The bank's new name is expected to roll out in the second or third quarter of 2025. Between the merger's close and systems integration, 1st Capital branches are expected to operate as a division of Santa Cruz County Bank. Santa Cruz County Bank CEO Krista Snelling will lead the combined bank, which will be based in Santa Cruz.
The transaction is subject to customary closing conditions, including regulatory approvals and shareholder approval from both parties. Both Boards of Directors of West Coast Community Bancorp and 1st Capital Bancorp have unanimously approved the transaction, which is expected to close in the fourth quarter of 2024. 1st Capital shareholders approved the transaction on September 18, 2024. West Coast Community shareholders approved the transaction on September 19, 2024. As per filing on September 24, 2024 all required regulatory approvals have been received for the merger and the closing of the transaction is expected to be completed as of October 1, 2024, subject to certain other customary closing conditions. Keefe, Bruyette & Woods, Inc. acted as financial advisor and Gary Steven Findley & Associates acted as legal advisor to West Coast Community Bancorp. Adam Keefer, David Sandler and Crockett Harper of Piper Sandler & Co. acted as financial advisor and Stuart Moore Staub acted as legal advisor to 1st Capital Bancorp.
West Coast Community Bancorp (OTCPK:SCZC) completed the acquisition of 1st Capital Bancorp (OTCPK:FISB) on October 1, 2024. Kurt J. Gollnick and Daniel R. Hightower, M.D., former Chairman and Vice Chairman of 1st Capital Bancorp and 1st Capital Bank, respectively, have joined the boards of Bancorp and Bank. Mr. Gollnick will serve as vice chairman of both boards. Duyuru • Oct 02
West Coast Community Bancorp and Santa Cruz County Bank Announces Board Appointments West Coast Community Bancorp, parent company for Santa Cruz County Bank ("Bank"), and 1st Capital Bancorp, parent company for 1st Capital Bank, announced the successful completion of their previously announced merger. On October 1, 2024, 1st Capital Bancorp merged with and into Bancorp and 1st Capital Bank merged with and into Bank. Kurt J. Gollnick and Daniel R. Hightower, M.D., former Chairman and Vice Chairman of 1st Capital Bancorp and 1st Capital Bank, respectively, have joined the boards of Bancorp and Bank. Mr. Gollnick will serve as vice chairman of both boards. Duyuru • Jul 24
West Coast Community Bancorp Declares Quarterly Cash Dividend, Payable on August 12, 2024 On July 18, 2024, the Board of Directors of West Coast Community Bancorp declared a quarterly cash dividend of $0.17 per common share, payable on August 12, 2024, to shareholders of record at the close of business on August 6, 2024. Duyuru • May 22
West Coast Community Bancorp (OTCPK:SCZC) entered into an agreement to acquire 1st Capital Bancorp (OTCPK:FISB) for $60.4 million. West Coast Community Bancorp (OTCPK:SCZC) entered into an agreement to acquire 1st Capital Bancorp (OTCPK:FISB) for $60.4 million on May 20, 2024. The transaction valued at approximately $63 million, or $10.78 per FISB share, based on the closing price of $29.94. Under the terms of the Agreement, shareholders of FISB are expected to receive a fixed exchange ratio of 0.36 shares of SCZC common stock in exchange for each share of FISB common stock. The transaction is subject to customary closing conditions, including regulatory approvals and shareholder approval from both parties. Both Boards of Directors of West Coast Community Bancorp and 1st Capital Bancorp have unanimously approved the transaction, which is expected to close in the fourth quarter of 2024. Keefe, Bruyette & Woods, Inc. acted as financial advisor and Gary Steven Findley & Associates acted as legal advisor to West Coast Community Bancorp. Adam Keefer, David Sandler and Crockett Harper of Piper Sandler & Co. acted as financial advisor and Stuart Moore Staub acted as legal advisor to 1st Capital Bancorp. Duyuru • Apr 24
West Coast Community Bancorp Declares Quarterly Cash Dividend, Payable on May 13, 2024 On April 20, 2024, the Board of Directors of West Coast Community Bancorp declared a quarterly cash dividend of $0.17 per common share, payable on May 13, 2024, to shareholders of record at the close of business on May 7, 2024. Duyuru • Jan 25
West Coast Community Bancorp Declares Quarterly Cash Dividend, Payable on February 14, 2024 On January 18, 2024, the Board of Directors of West Coast Community Bancorp declared a quarterly cash dividend of $0.17 per common share, an increase of $0.01 per share from the prior quarter, payable on February 14, 2024, to shareholders of record at the close of business on February 8, 2024. Duyuru • Aug 09
Santa Cruz County Bank Announces Management Changes Santa Cruz County Bank has said that Shawn Lipman will replace Susan Just as executive vice president and chief credit officer. Lipman has been working for the bank since 2011. Just has been serving in the chief credit officer role for the past two years and is leaving the bank in late August. During his 12-year career at the bank, Lipman has been promoted multiple times and served for the past two years as senior vice president and director of Credit Administration. Lipman led the department through systems conversions, the merger with Lighthouse Bank, and the Paycheck Protection Program. Earlier in his career, Lipman served as senior vice president and regional portfolio manager at GMAC Commercial Finance, where he was responsible for managing new business for the western region. Duyuru • Jul 12
Santa Cruz County Bank Appoints Caroline D. Chapin to the Board of Directors Santa Cruz County Bank announced the appointment of Caroline D. Chapin to the Bank's Board of Directors. Caroline D. Chapin is Executive Vice President of the Don Chapin Company Inc., a General Engineering Contractor based in Salinas. As a member of the company's Leadership Team, Ms. Chapin works with the CEO on all corporate acquisitions and business expansion efforts, serves as Chief Contract Administrator for public works and private contracts, and ensures regulatory compliance with public agencies, including the State Water Resources Control Board, local and state government entities, OSHA, and CalEPA. Ms. Chapin also serves as General Manager of Landset Engineers Inc., a Civil Engineering Firm based in Salinas. In this role Ms. Chapin oversees all business operations, including personnel, recruitment, financial oversight, facility management, and business development. Ms. Chapin managed design and construction of the company's new corporate headquarters. Ms. Chapin serves on the board of the Salinas Valley Basin Groundwater Sustainability Agency, as Committee Chair of the Langley Subbasin Committee, and as Treasurer of the Don and Barbara Chapin Foundation. She is a graduate of Leadership Salinas Valley and of Santa Cruz County's Focus Agriculture program. Duyuru • Dec 22
Santa Cruz County Bank Declares Increase in Quarterly Cash Dividend, Payable on January 9, 2023 Santa Cruz County Bank announced that its Board of Directors declared an increase in the quarterly cash dividend to $0.15 per share. The dividend is payable on January 9, 2023 to shareholders of record as of the close of business on January 5, 2023. Duyuru • Sep 22
Santa Cruz County Bank Declares Quarterly Cash Dividend, Payable on October 11, 2022 On September 20, 2022, the Board of Directors of Santa Cruz County Bank declared an increased quarterly cash dividend of $0.125 per share. The dividend is payable on October 11, 2022 to shareholders of record as of the close of business on October 4, 2022. Duyuru • Jul 26
Santa Cruz County Bank (OTCPK:SCZC) announces an Equity Buyback for $5 million worth of its shares. Santa Cruz County Bank (OTCPK:SCZC) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The shares repurchased will be returned to authorized but unissued status. The program will expire on May 20, 2023. Duyuru • Jun 23
Santa Cruz County Bank Declares Quarterly Cash Dividend, Payable on July 11, 2022 Santa Cruz County Bank announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend is payable on July 11, 2022 to shareholders of record as of the close of business on July 7, 2022. Duyuru • May 24
Santa Cruz County Bank Announces Launch of New Asset-Based Lending Division Led by Lee Shodiss and Shelly Medina Santa Cruz County Bank announced the launch of its Asset-Based Lending Division led by Lee Shodiss and Shelly Medina. The Bank's new Asset-Based Lending Division will specialize in serving business clients and emerging growth companies requiring asset liquidity and flexible lines of credit in addition to full banking services. The addition of an Asset-Based Lending Division showcases the Bank's commitment to supporting small business. The Division is based at the Bank's Cupertino office at 19240 Stevens Creek Boulevard, to serve clients in Silicon Valley, the Greater Bay Area and throughout California. The Bank's Asset-Based Lending Division is directed by Lee Shodiss, an industry veteran with 30 years of experience in asset-based and innovation markets serving Silicon Valley and technology centers throughout the country. Shelly Medina leads the Asset-Based Lending Division as Operations Manager. Mr. Shodiss joined the Bank as Senior Vice President and Director of Asset-Based Lending (ABL) in April 2022. Mr. Shodiss' 30-year career in the financial services industry includes expertise in technology focused asset-based factoring, structured finance and commercial banking, including support for emerging growth companies to secure debt, provide restructuring and collateral exams to lenders. His entrepreneurial acumen in the business industry is evidenced by his establishment and expansion of three asset-based and technology lending units totaling over 2 billion in footings. Mr. Shodiss founded and managed the Technology and Bridge Capital Finance Divisions at Bridge Bank. He held the position of Founder, Executive Vice President, Regional Director/Product Line Director and was responsible for all aspects of operations of the Divisions including sales, personnel, budgeting and credit. Mr. Shodiss held multiple roles at Silicon Valley Bank from 1994-2002, with increased responsibility from Assistant Vice President to Senior Vice President, Co-Group Manager for the Bank's Specialty Finance Division. Early in his career as Budget Analyst, Cost Controller at Lockheed Missiles & Space, Inc, Mr. Shodiss monitored and administered contract costs associated with defense contracts ranging in size from $25 million to $500 million. Duyuru • May 12
Santa Cruz County Bank Hires Randy Lagomarsino as Vice President and Senior Relationship Manager Santa Cruz County Bank announced Randy Lagomarsino has joined the bank as Vice President and Senior Relationship Manager for the Bank's Silicon Valley region. He is based out of the Bank's Cupertino office where he will be responsible for new business acquisition, lending, and business development in Silicon Valley and the Greater Bay Area. Mr. Lagomarsino has a 17-year history in the banking industry with extensive experience in sales and lending for major financial institutions in Northern California and the Bay Area. He served as Commercial Loan Officer at Wells Fargo Banking Group and as Business Development Officer of the Commercial Banking Group at Wells Fargo. He also served as Vice President, Business Development Officer for the Commercial Banking Group at US Bank, and as Vice President, Business Development and Relationship Manager for the Commercial Middle Market Group at Bank of America. Most recently Mr. Lagomarsino served as Vice President, Senior Relationship Manager at City National Bank in San Jose where he managed a portfolio of commercial middle market relationships. Mr. Lagomarsino obtained his Bachelor of Science degree in Business from the University of Phoenix. Duyuru • May 04
Santa Cruz County Bank Hires Maxwell Sinclair as Executive Vice President and Chief Risk Officer Santa Cruz County Bank announced Maxwell Sinclair has joined the Bank as Executive Vice President and Chief Risk Officer. Mr. Sinclair has a 28-year history in the banking industry with extensive executive-level experience in risk management, compliance, AML/BSA and human resource management. Most recently, Mr. Sinclair served as EVP Chief Risk, Compliance & Human Resources Officer at Pacific Mercantile Bancorp/Pacific Mercantile Bank, where he managed all aspects of risk, compliance, and regulatory matters, human resources, as well as regulatory relationships and corporate governance. Duyuru • Apr 01
Santa Cruz County Bank Announces Promotion of Mary Anne Carson to Executive Vice President Santa Cruz County Bank announced the promotion of Mary Anne Carson from Senior Vice President to Executive Vice President. Under her new title, Mary Anne will continue and expand her leadership as the Bank's Chief Marketing Officer. In November 2003, Mary Anne became the fourth employee recruited by Santa Cruz County Bank in its pre-startup phase. Mary Anne is responsible for marketing, advertising, corporate messaging, community development, donations, media relations, shareholder relations, and serves on the Bank's Executive Management team. In her 30+ year banking career, Mary Anne has acquired firsthand knowledge of nearly every aspect of banking from the ground up, in positions beginning as a teller and advancing into operations, lending, financial service management, marketing and advertising, public relations, and corporate affairs. Duyuru • Feb 09
Santa Cruz County Bank Appoints Paul Happach as Senior Vice President and Product and Digital Transformation Manager Santa Cruz County Bank announced that Paul Happach has joined as Senior Vice President and Product and Digital Transformation Manager. Mr. Happach maintains his office at the Bank's 75 River Street Santa Cruz location where he is responsible for program and project management, product development and vendor management. Mr. Happach has a 24-year banking background with extensive experience in product management, project management, and IT management. Mr. Happach established himself in the e-channel field with Rabobank, specializing in online banking, e-channel products, and systems management. Most recently Mr. Happach served as SVP and Program Management Director with Pacific Mercantile Bank, further expanding their adoption of e- and online banking services and managing the bank's Paycheck Protection Program and project portfolio. Duyuru • Mar 17
Santa Cruz County Bank Declares Quarterly Dividend, Payable on April 5, 2021 Santa Cruz County Bank announced its Board of Directors has declared a 33% increase in the quarterly dividend rate from $0.075 per share to $0.10 per share. The dividend is payable on April 5, 2021 to shareholders of record as of the close of business on March 26, 2021.