WEST COAST COMMUNITY BANCORP 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. Under his leadership, the Bank's credit portfolio has grown substantially in size and complexity, with privately placed muni bond purchases, loans issued under the New Market Tax Credit program, and structured credits originated by the recently formed Asset-Based Lending Division. In addition, Mr. Lipman led the department through systems conversions, the merger with Lighthouse Bank, and the Paycheck Protection Program.
Earlier in his career Mr. 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. In addition, he served as Senior Relationship Manager and Team Leader at Union Bank where he managed a growing portfolio of loans throughout California. He obtained his Bachelor of Science degree in Business Administration and Finance from San Diego State University.
Krista Snelling, President and CEO, commented, "We are excited for Shawn to step into the role of Chief Credit Officer. He has been a key employee of the Bank for 12 years and has progressively advanced to a leadership position, making him the logical successor to the role of Chief Credit Officer. His promotion is a natural next step in his career given his background, expertise, and detailed knowledge of the Bank's clients and policies, and we are excited to work with Shawn as he takes the top credit role at the Bank.
Susan has been a valued member of the Bank and our executive team for the past two years and we wish her well in her future endeavors."
ABOUT SANTA CRUZ COUNTY BANK
Founded in 2004, Santa Cruz County Bank is a top-rated, locally owned and operated, full-service community bank headquartered in Santa Cruz, California. The Bank has branches in Aptos, Capitola, Cupertino, Monterey, Salinas, Santa Cruz, Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus and direct access to decision makers. The Bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals, including business loans, lines of credit, commercial real estate financing, construction lending, agricultural loans, SBA and USDA government guaranteed loans, asset-based lending, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations.
Santa Cruz County Bank stock is publicly traded on the OTCQX U.S. Best marketplace under the symbol SCZC. Stock purchase orders may be placed online, through a brokerage firm, or through Market Makers listed in the Investor Relations section of the Bank's website. For more information about Santa Cruz County Bank, visit www.sccountybank.com.
This release may contain forward-looking statements that are subject to risks and uncertainties. Words such as "believe," "expect," "estimate," "project," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "predicts," "continue," and similar expressions are intended to identify such forward-looking statements; however, the absence of these words does not mean the statements are not forward-looking. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, the effects of and changes in monetary and fiscal policies, including the interest rate policies of the Federal Reserve Board and their related effects on inflation risk, 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
