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Seacoast Commerce Bank (SCCB.OB) Ranked #1 Small Business Lender in San Diego, #4 in California

Seacoast Commerce Bank, the biggest and longest in continual operation among commercial banks in San Diego’s South County (serving all of greater CA), which has built up its reputation and prominence over the years by constantly delivering customer-success oriented service, was happy to announce being ranked the #1 loan provider to San Diego’s small businesses by the U. S. Small Business Administration (SBA) for the six-month period ending Mar. 31, 2010.

Providing a shining light amid stormy economic weather, SCCB beat out all competitors according to data generated via the SBA’s 7(a) loan program that tracks which banks are lending to small businesses, with the approval of some $10M in credit to eager San Diego businesses.

Also according to the SBA data, SCCB was ranked 4th state-wide and 24th nationally dollar-wise out of 2,100 lenders tracked by the SBA, with $48.5M approved and out there in the market generating activity.

President and CEO of SCCB, Richard M. Sanborn, pointed out that small business is the “engine” that will pull us out of the economic ditch and that the Company was doing everything in its power to facilitate an economic recovery, with the stated goal of providing some $100M in new SBA loans to small businesses this year – vital assistance which helps to reinforce the bedrock of our economy, and the Company is well on its way to achieving the stated benchmark already.

EVP and SBA Division Manager of SCCB, David Bartram, took a moment to extol the merits of the Company’s business philosophy of developing tight-knit, long-term relationships with customers, noting SCCB’s focus on “providing owner/users long-term real estate financing” which enables the owner to channel liquidity towards day-to-day operations.

Bartram also noted that this preeminent ranking by the SBA couldn’t have been achieved without the rigorous and talented team of “experienced SBA professionals”, both in the back room and the office, who put in those extra hours and the strenuous effort required to meet the emerging needs of small business clients.

With loan production offices in Los Angeles, Orange County, and Sacramento (NASDAQ:CA); Bellevue (WA); and Phoenix (AZ), SCCB has the infrastructural capacity to satisfy the strong and growing demand for its services, which enable its customers to grow their business faster and more efficiently, providing customized banking solutions, highly attentive ongoing support, localized decision making and, as always, direct access to executive management to ensure satisfaction is guaranteed.

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