Santa Cruz County Bank announced the planned retirement of William J. Hansen, Founding Director and Chairman of the Board, from its Board of Directors, effective May 24, 2023 upon conclusion of the Annual Shareholder's Meeting at which point the new Chairman will be elected and announced. During Mr. Hansen's tenure the Bank grew assets from the beginning on February 3, 2004 at $13.2 million to today over $1.7 billion. Several milestones for the Bank took place under Mr. Hansen's leadership including the successful merger with Lighthouse Bank in 2019, expansion into growing markets in 2021 and 2022, the Bank's first stock split in March of 2022 as well as continual dividend growth over the past several years.

Mr. Hansen's successor will be named following the conclusion of the 2023 Annual Shareholder's Meeting.