By Business Wirevia The Motley Fool
Filed under: Investing
First Northern Bank Expands Into Walnut Creek With Commercial Loan Production Office
DIXON, Calif.–(BUSINESS WIRE)– First Northern Bank today announced its plans to open a commercial loan production office in Walnut Creek. The new loan office is expected to open in mid-April in the Mt. Diablo Plaza. The address for the Bank’s new loan office will be 2175 N. California Blvd, Suite 310, Walnut Creek, California 94596.
“Expanding into Contra Costa County is a natural progression for our bank, as it is contiguous to Solano County,” explained Louise A. Walker, President and Chief Executive Officer. “The East Bay Area has experienced a quicker rebound from the recession compared to the greater Sacramento region, and we believe it is a good time to expand the Bank’s brand and grow our footprint into Contra Costa County.”
The Walnut Creek Commercial Lending Office will be staffed by a team of commercial lending experts from the greater East Bay area. Carlos Chavez is Senior Vice President/East Bay Region Commercial Loan Team Manager; Lorraine M. Sue is Vice President/Commercial Lending Officer; Margaret Lowell is Vice President/Commercial Lending Officer; and Gloria Rocha is Assistant Vice President/Credit Analyst. “They are a welcome addition to the First Northern Bank family. They bring a wealth of knowledge and a depth of experience with a combined total of over 75 years in the banking industry. We are extremely excited to have a team of this caliber onboard,” Walker added. The new loan office will originate, process, underwrite and fund a full range of lines of credit, equipment loans and leases, owner and investor commercial real estate loans, construction loans, Commercial & Industrial loans, SBA 504 and 7A loans, letters of credit, and business acquisition loans for small to medium sized businesses throughout Contra Costa County.
First Northern Bank, an independent community bank headquartered in Solano County since 1910, serves Solano, Yolo, Sacramento, Placer and the west slope of El Dorado County. First Northern has 10 branches located in Dixon, Davis, West Sacramento, Fairfield, Vacaville, Winters, Woodland, Downtown Sacramento, Roseville, and Auburn, and has a full service Trust Department in Sacramento. First Northern Bank also offers 24/7 real estate mortgage loans, SBA loans, and non-FDIC insured Investment & Brokerage Services at each branch location. Real Estate Mortgage Loan offices are located in Davis and Roseville, and real estate loan representatives are available to meet customers at any of the Bank’s branches by appointment. The Bank specializes in relationship banking and employs experts in the area of small business, commercial, agribusiness, and real estate lending, as well as wealth management, and is rated as …read more
Source: FULL ARTICLE at DailyFinance