Recruits Scott Bell to Lead Local SBA Loan Development
SAN DIEGO, July 23 /PRNewswire/ -- Bank of Commerce (Nasdaq: BCOM) has
opened a new loan production office (LPO) serving Fresno and the central
California small business lending market. Bank of Commerce is the nation's
leading Small Business Administration (SBA) lender and now operates six loan
offices in California and 17 total offices in seven western and southwestern
states.
"Fresno is our fifth new office opened this year, and has become a focal
point for small business growth in California. While we've made loans in the
Central Valley and Mid-Coast area for years, establishing an office to serve
the area will enhance our lending capabilities," said David H. Bartram, senior
executive vice president.
Scott W. Bell will be the business development officer of the new Fresno
office, located at 1322 East Shaw, Suite 150, Fresno. "Bell is a highly
experienced small business lending professional," stated Steve Mattern, senior
vice president and northern regional sales manager. "It's a distinct
advantage to open our new Fresno office with a seasoned and well-connected
small business lending expert like Scott."
Prior to joining Bank of Commerce, Bell was a top producing SBA business
development officer with Regency Bank, one of the area's most active SBA
lenders. He also has worked for Nation's Credit in Fresno. Bell is a
licensed California real estate professional. Bell graduated from Fresno
State University earning a Bachelor of Science degree in Business
Administration. He is a member of the North Fresno Lions, Sigma Alpha Epsilon
Alumni Association and the Fresno State University Bulldog Foundation.
Bank of Commerce operates 17 loan production offices in California,
Arizona, Nevada, Oregon, Washington, Colorado and Texas. Later this year
Bank of Commerce expects to open additional loan offices in Atlanta, Chicago,
Salt Lake City and Boise. Bank of Commerce has been an SBA lender for 23
years and was among the first banks to participate with the SBA, which will
facilitate the lending of approximately $11 billion to finance small business
expansion this year. Based in San Diego, Bank of Commerce SBA loans increased
8.8% to $363.2 million at June 30, 1998 from $333.6 million a year earlier.
In addition to being the nation's leading SBA bank lender, Bank of Commerce is
also the largest publicly held bank headquartered in San Diego based on asset
size with assets of approximately $717.9 million as of June 30, 1998. The
Bank has ten full service branch offices in Southern California.
Statements concerning future performance, developments or events,
concerning expectations for growth and market forecasts, and any other
guidance on future periods, constitute forward-looking statements which are
subject to a number of risks and uncertainties which might cause actual
results to differ materially from stated expectations. These factors include,
but are not limited to, the ability of the bank to efficiently open new
offices, effect of interest rate changes, changes in SBA policy or funding,
competition in the financial services market for loans, and general economic
conditions.
SOURCE Bank of Commerce
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Related links:
http://www.bankofcommerce.net
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fax, 800-758-5804, ext. 107344
CONTACT:
Peter Q. Davis, Chairman & CEO of Bank of
Commerce, 619-232-2096
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