Pacific Continental (NASDAQ:PCBK) is not your typical community bank. Besides selling the usual residential and commercial mortgages, the bank has a fast-growing healthcare lending specialty representing over 37% of its loan portfolio. Pacific lends to dentists, veterinarians and ophthalmologists in 31 states, helping them acquire practices, buy equipment, and purchase office space. While most of its health loans have gone to dentists, Pacific has begun targeting veterinarians and other health professionals. Both these businesses are on-fire: National dental and non-dental lending skyrocketed 63% and 57% respectively. No community bank I follow has a lending line growing this fast. At this rate, its national healthcare lending will dominate the loan portfolio - and Pacific could morph into a national...
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