Welcome to our dedicated page for West Coast Community Bancorp news (Ticker: SCZC), a resource for investors and traders seeking the latest updates and insights on West Coast Community Bancorp stock.
West Coast Community Bancorp (OTCQX: SCZC), parent of West Coast Community Bank, regularly issues news and updates covering its community banking operations along California’s Central Coast and in Silicon Valley. This news page aggregates company press releases and media coverage related to SCZC and, after the announced change, its new ticker symbol WCCB.
Company announcements highlight topics such as quarterly and annual earnings, dividend declarations, share repurchase programs and details of mergers, including the completed merger with 1st Capital Bancorp. Earnings releases discuss loan growth in areas like commercial and industrial lending, construction lending, agricultural lending and asset-based lending, as well as deposit trends, net interest margin, liquidity and capital ratios.
News items also cover strategic developments in branding and corporate identity. The Bank has reported its transition from the Santa Cruz County Bank name to West Coast Community Bank, with the new brand taking effect on April 1, 2025, and a related ticker symbol change from SCZC to WCCB on OTCQX. Other releases describe board of directors changes, senior leadership appointments in marketing and regional banking roles and the planned retirement of long-serving executives.
Community and recognition stories appear as well, including Santa Cruz County Bank being named one of America’s Best Regional Banks 2025 by Newsweek and Plant-A Insights Group. These items underscore the Bank’s positioning as a top-rated, locally operated, full-service community bank headquartered in Santa Cruz, California, with branches in Aptos, Capitola, Cupertino, King City, Monterey, Salinas, San Luis Obispo, Santa Cruz, Scotts Valley and Watsonville.
Investors, depositors and community members can use this news feed to follow developments in West Coast Community Bancorp’s financial performance, corporate actions, regional expansion, rebranding efforts and community engagement over time.
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Santa Cruz County Bank (OTCQX: SCZC) reported a strong performance for Q1 2023. Net income reached $8.9 million, reflecting a 65% increase year-over-year but a 11% decrease from the previous quarter. The bank's gross loans hit a record $1.3 billion, up 15% compared to Q1 2022, while total assets reached $1.73 billion. Despite a 4% decline in deposits, driven by large depositors' business cycles, liquidity remains robust with a primary liquidity ratio of 16.1%. Earnings per share improved by $0.42 year-over-year but fell $0.13 from the previous quarter. The bank maintains a solid credit quality with nonaccrual loans at 0.20% of gross loans. Santa Cruz County Bank was also ranked #6 among community banks in the nation by S&P Global Market Intelligence, marking its sixth consecutive year in the Top 100.
Santa Cruz County Bank (OTCQX: SCZC) has announced the appointment of Michael Davis Luong as Vice President and Senior Relationship Manager for the Silicon Valley region, effective April 19, 2023. Based in Cupertino, Luong will focus on new business acquisition, lending, and business development in the Greater Bay Area. He brings 18 years of banking experience, previously serving in significant roles at Meriwest Credit Union and Silicon Valley Bank, where he managed a commercial real estate portfolio exceeding $500 million. Jon Sisk, Executive Vice President, expressed enthusiasm for Luong's expertise in commercial lending and business development, indicating potential growth for the bank in the region.