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1st Capital Bancorp Announces Chief Credit Officer and Chief Lending Officer

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1st Capital Bancorp (OTCQX: FISB) announced the appointment of Jeff Mercer as chief credit officer, effective July 1, 2022. Mercer, who previously served as deputy chief credit officer, has a 29-year career in commercial banking, including positions at Bank of America and Community West Bank. In conjunction with this change, Jon Ditlevsen will take on the responsibilities of chief lending officer. 1st Capital Bank caters to commercial enterprises and residents in California's Central Coast, offering diverse credit products and banking services.

Positive
  • Appointment of Jeff Mercer as chief credit officer could enhance credit risk management.
  • Mercer brings extensive experience with a 29-year background in commercial banking.
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  • None.

SALINAS, Calif., June 24, 2022 (GLOBE NEWSWIRE) -- 1st Capital Bancorp (the “Company”), (OTCQX: FISB), the $1.01 billion asset bank holding company and parent company of 1st Capital Bank (the “Bank”), today announced the appointment of Jeff Mercer to chief credit officer, effective July 1, 2022.

Prior to being appointed interim chief credit officer, Mr. Mercer served as 1st Capital Bank’s deputy chief credit officer.  Mr. Mercer’s 29-year career in commercial banking includes several leadership positions in both lending and credit operations at Bank of America, Rabbo Bank, and Community West Bank. In addition to his role as president, Jon Ditlevsen will assume the responsibilities and title of chief lending officer.

About 1st Capital Bank
1st Capital Bank’s markets are commercial enterprises, professionals, real estate investors, family business entities and residents along the Central Coast region of California. The bank provides a wide range of credit products, including loans under various government programs such as those provided through the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA). A full suite of deposit accounts is also furnished, complemented by robust cash management services. The bank operates full-service banking offices in Monterey, Salinas, King City, San Luis Obispo, and Santa Cruz. The Bank’s corporate offices are located at 150 Main Street, Suite 150, Salinas, Calif. 93901. Member FDIC | Equal Opportunity Lender| SBA Preferred Lender |1stCapital.Bank | 831.264.4000

Media Inquiries:
David A. Szafranski
dave.szafranski@1stcapitalbank.com
408.315.0754


FAQ

Who has been appointed as chief credit officer of FISB?

Jeff Mercer has been appointed as chief credit officer of 1st Capital Bancorp effective July 1, 2022.

What is Jeff Mercer's experience before joining FISB?

Jeff Mercer has 29 years of experience in commercial banking, having held leadership roles at Bank of America and Community West Bank.

What changes are occurring in leadership at 1st Capital Bancorp?

Jon Ditlevsen will assume the responsibilities of chief lending officer in addition to his role as president.

What types of services does 1st Capital Bank offer?

1st Capital Bank provides credit products, including loans under government programs, along with a full suite of deposit accounts and cash management services.

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Banks - Regional
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United States of America
Salinas