CHULA VISTA, Calif.--(BUSINESS WIRE)-- Seacoast Commerce Bank (OTC: SCCB) today announced that it has hired Ken Carteron to expand its Homeowners’ Association (“HOA”) Banking Division.

Richard M. Sanborn, President & Chief Executive Officer, commented, “Property management and HOA banking is a very specialized sector in the financial services industry which requires a unique expertise, and we are very fortunate to have attracted the talents of Mr. Carteron. Very few bankers in the industry have the depth of knowledge, experience, and ties to the HOA industry like Ken. His contributions to the future deposit growth of our institution will be immense, as he builds on our already successful HOA department efforts.”

Mr. Carteron is a 31-year veteran of banking with a unique focus on providing customized products and services specific to property management companies and homeowners’ associations. Mr. Carteron started his career in HOA banking at Bank of Commerce which was later sold to US Bank in 1999. After the sale to US Bank, Mr. Carteron joined forces with Mr. Sanborn at Palomar Community Bank and later Community National Bank, which became Pacific Western Bank in 2006. While at Pacific Western Bank, Mr. Carteron solicited and serviced property management companies and homeowners’ associations in California, Arizona, Nevada, Oregon, Washington, Colorado and Texas.

Mr. Carteron stated, “I’m thrilled to have partnered with Seacoast Commerce Bank for many reasons, including their commitment to and focus on the property management and homeowners’ association industries, as well as their ability to provide clients with highly-customizable, best-in-class products and services. I look forward to adding to the success they have already achieved in the HOA banking industry.”

Seacoast Commerce Bank is a business bank operating in San Diego, California, with loan production offices in San Diego County, Orange County, Los Angeles, and Sacramento, California; Bellevue, Washington; Phoenix, Arizona and Dallas, Texas. For more information on the bank please visit our website at www.sccombank.com or, contact Richard M. Sanborn, President and Chief Executive Officer at 619-409-5762, or Ken Carteron, Senior Vice President and HOA Banking Division Manager at 760-803-9541.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such “forward-looking” statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance and regulatory matters.

CONTACT:

Seacoast Commerce Bank
Richard M. Sanborn
President and Chief Executive Officer
619-409-5762
or
Ken Carteron
Senior Vice President and HOA Banking Division Manager
760-803-9541

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Professional Services  Banking  Finance

MEDIA:

Logo