What's New
Bank receives "Excellent" rating.
Santa Cruz County Bank was awarded the "Excellent" 4 star rating from Bauer Financial for its 2008 Third Quarter results. Bauer Financial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. For more information please visit
www.bauerfinancial.com.
Sandi Eason to join in January
Santa Cruz County Bank is pleased to announce that Sandi Eason, a veteran of 34 years in the banking industry, will join the Bank as Executive Vice President and Chief Operating Officer commencing in January 2009. Ms. Eason, who was President and Chief Executive officer of Coast Commercial Bank from 2005 until it was acquired by Wells Fargo Bank in October 2007, brings to Santa Cruz County Bank strategic planning and management experience in all realms of banking, with strength in business and commercial banking. Ms. Eason will be responsible for direction and oversight of the Bank's Retail and Business Banking, Business Development and Credit Administration.
View related news item.
FDIC Insurance
Funds held in non-interest bearing transactions accounts at Santa Cruz County Bank are insured in full by the FDIC. Santa Cruz County Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
Holiday Food Drive
Once again Santa Cruz County Bank is proud to help support Second Harvest Food Bank by collecting donations for their Holiday Food Drive. This is one of the ways we help give back to the community we serve. We welcome the public to join us in this effort. You can stop by any of our four banking branches throughout the county to drop off either a non-perishable food donation or a monetary contribution. Our goal is to collect 10,000 lbs of food to help feed the hungry in our community.
We hope you'll join us and thank you in advance for your support.
Aptos Office Opening in February, 2009
We are pleased to announce our plans to open a full service banking office at 7775 Soquel Drive, Aptos in February 2009. The opening will be coordinated in conjunction with our five year anniversary. We look forward to better serving our community by expanding into the Aptos area. Read more about our Aptos plans in a
recent local news story.
New Art Exhibit: La Dolce Vita
La Dolce Vita celebrates Italian lifestyle and culture through a range of artistic media that reveal a deep reverence for the land and its vibrant culture, past and present. Works include stone and steel sculptures, paintings, collage and photography.
2008 Third Quarter Results
Santa Cruz County Bank's third quarter results are now available. In the third quarter the Bank surpassed a milestone $200 million in assets and reported double-digit year to year increases in deposits, loans and assets.
New FDIC Insurance Coverage Amounts!
We are pleased to inform you that FDIC insurance coverage amounts have been increased temporarily.
Effective October 14, 2008: All non-interest bearing transaction deposit accounts at an FDIC-insured institution, including all personal and business checking deposit accounts that do not earn interest, are fully insured for the entire amount in the deposit account. This unlimited insurance coverage is temporary and will remain in effect for participating institutions until December 31, 2009. Santa Cruz County Bank is a participant in this FDIC program. For more information visit:
http://www.fdic.gov/news/news/press/2008/pr08100.html.
Effective October 3, 2008: All other deposit accounts at FDIC-insured institutions are insured up to at least $250,000 per depositor until December 31, 2009. On January 1, 2010, FDIC deposit insurance for all deposit accounts—except for certain retirement accounts—will return to at least $100,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, will remain at $250,000 per depositor. For more information visit:
http://www.fdic.gov/news/news/press/2008/pr08093.html.
FDIC website address: www.fdic.gov.
We welcome Vic Davis
Santa Cruz County Bank welcomes Vic Davis to its Bank Management Team. Mr. Davis joins Santa Cruz County Bank as Senior Vice President, Chief Financial Officer and Cashier.
View related news item.
Santa Cruz County Bank receives Green Business Certifications
Our Capitola banking office and our Business Lending Office have been certified by the Monterey Bay Area Green Business Program as Green Businesses. These offices were audited to ensure our compliance with environmental regulations, and are actively engaged in reducing pollution, saving water and conserving energy. Our company has adopted a Green Business Pledge to be an environmentally conscious business.
Health Savings Accounts
We are pleased to offer Health Savings Accounts (H.S.A.'s) to eligible individuals. H.S.A's are the perfect way to grow your savings for medical expenses and take advantage of favorable tax treatment. Our Health Savings Accounts provide convenient access through unlimited H.S.A. check writing and a special H.S.A. debit card to pay for medical expenses. Click here to find out more about our affordable, FDIC insured Health Savings Accounts.