Santa Cruz County Bank Names Creedence Shaw Chief Credit Officer

SANTA CRUZ, Calif., July 11, 2018 /PRNewswire/ — Santa Cruz County Bank (OTC: SCZC), a locally owned and operated full-service bank, headquartered in Santa Cruz County, today announced that Creedence Shaw has been appointed as Senior Vice President and Chief Credit Officer. Mr. Shaw’s appointment coincides with the recent retirement of George Harrison, who served as the Chief Credit Officer for the Bank since June 2015.   

Santa Cruz County Bank logo. (PRNewsFoto/Santa Cruz County Bank) (PRNewsFoto/SANTA CRUZ COUNTY BANK)

Mr. Shaw is one of the Bank’s founding employees. He has 18 years of bank lending experience with an education and professional background in finance, lending, credit administration, loan structuring and credit review. Most recently, Mr. Shaw was Senior Vice President of Credit Administration for the Bank, responsible for loan policy, system integrity, government reporting, audits and reviews, as well as the management of loan concentrations and special assets.

Mr. Shaw obtained a Bachelor of Science degree in Applied Economics from the University of San Francisco. He is based out of the Bank’s Administrative headquarters in Santa Cruz.  Mr. Shaw is an active community volunteer who serves on the Audit Committee for Ecology Action for the past three years and currently serves as Board Treasurer for Mountain Bikers of Santa Cruz. He is a member of Santa Cruz Sunrise Rotary, a member of the Santa Cruz County Search and Rescue Team and serves as a Mentor for Santa Cruz Works’ Santa Cruz Accelerates.

David Heald, President and CEO commented, “It is a great pleasure to announce the promotion of Creedence Shaw to the position of Chief Credit Officer. We have worked together for most of his career. Creedence’s experience managing credit portfolios and understanding of credit risk are essential to his position. He brings a well-rounded background to the position through his experience managing credit portfolios and his understanding of credit risk and loan reviews. Creedence has been an asset to the Bank since our inception.”

ABOUT SANTA CRUZ COUNTY BANK
Santa Cruz County Bank, founded in 2004, is a locally owned and operated community bank with offices located in Aptos, Capitola, Santa Cruz, Scotts Valley and Watsonville. The Bank offers a variety of competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment, and cash management. The Bank’s SBA Department is recognized as a top SBA lender in Santa Cruz County, Silicon Valley and Central San Joaquin Valley. Santa Cruz County Bank is a top USDA lender in the state of California.

Santa Cruz County Bank stock is publicly traded under the stock symbol SCZC. Stock purchase orders may be placed through a brokerage firm, online, or through one of our Market Makers listed in the Investor Relations section of the bank’s website. For more information about Santa Cruz County Bank, please visit our website www.sccountybank.com.

NATIONAL, STATE, AND LOCAL RATINGS AND AWARDS
S&P Global Top 100 Community Banks 2017: Santa Cruz County Bank ranked 63rd in the nation out of nearly 3,000 banks with assets under $1 billion.

Financial Management Consulting (FMC) Group: Santa Cruz County Bank ranked 1st in overall performance among 159 California banks and ranked 1st in asset quality and also #1 (lowest) in non-performing assets for the first quarter 2018. The Bank has ranked in FMC’s top ten banks in California for the past three years.

The Findley Reports, Inc.: Santa Cruz County Bank was named a Super Premier Performing Bank for its 2017 performance. The Bank has received the top ranking of Super Premier by Findley for eight consecutive years.

Bauer Financial Reports, Inc.: Santa Cruz County Bank rated five star or “Superior” for its financial strength for March 31, 2018.

American Banker Magazine: Santa Cruz County Bank ranked 24th out of 669 institutions in American Banker Magazine’s “Top Performing 200 Community Banks & Thrifts in the United States” based upon 3-year average return on equity. The Bank has ranked in the Top 200 Community Banks in the United States for three consecutive years.

Independent Banker Magazine, published by the ICBA:  Santa Cruz County Bank ranked 22nd in its Top Best Performing Member Community Banks for return on average equity.

This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. 

 

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SOURCE Santa Cruz County Bank

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