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.
Santa Cruz County Bank (OTCQX: SCZC) announced a quarterly cash dividend of $0.125 per share payable on January 10, 2022, to shareholders of record on January 4, 2022. With assets exceeding $1.7 billion, the bank reported a $5.5 million net income for the quarter ending September 30, 2021, marking a 3% increase from 2020. Shareholders' equity rose to $183 million, reflecting an increase of $18.1 million compared to the previous year. The bank's return on average equity at 11.95% signifies a strong financial position.
Santa Cruz County Bank (OTCQX: SCZC) has appointed Shamara van der Voort as the new Chief Operations Officer effective October 26, 2021. With 25 years of banking experience, her expertise includes improving operational efficiency and enhancing customer service. Previously, she held leadership roles in operations and client experience at Pacific Mercantile Bank. Ms. van der Voort aims to leverage her skills to strengthen the bank's reputation and community impact, as noted by President and CEO Krista Snelling.
Santa Cruz County Bank (OTCQX: SCZC) declared a 10% stock dividend payable on November 8, 2021, to shareholders of record as of October 26, 2021. The bank reported a net income of $16.6 million for the nine months ended September 30, 2021, a 23% increase from $13.5 million in the same period last year. With assets of $1.70 billion, the bank continues to enhance shareholder value through strong financial performance.
Santa Cruz County Bank (OTCQX: SCZC) reported record earnings of $16.6 million for the nine months ending September 30, 2021, marking a 23% increase year-over-year. As of the same date, the bank's assets reached $1.70 billion, up 18%, while total gross loans (excluding PPP) rose by 26% to $1.05 billion. Net income for Q3 2021 was $5.5 million, slightly up from Q2 and Q3 2020. Basic earnings per share increased to $1.42 for Q3 2021. However, noninterest income declined to $835,000, primarily due to reduced gains on SBA loans sold.
Santa Cruz County Bank (OTCQX: SCZC) has declared a quarterly cash dividend of $0.125 per share, payable on October 12, 2021, to shareholders of record as of September 30, 2021. For the quarter ending June 30, 2021, the bank reported a $5.3 million net income, marking a 40% increase year-over-year. The return on average equity stood at 11.97%, while shareholders' equity grew to $178.6 million. Book value per share increased to $46.15, up $4.68 from the previous year.
Santa Cruz County Bank (OTCQX: SCZC) reported a net income of $5.3 million for Q2 2021, a 40% increase from Q2 2020. Year-to-date earnings reached a record $11.1 million, up 36% year-over-year. Total assets grew by 18% to $1.63 billion, with deposits increasing by 25% to $1.43 billion. The bank experienced a 15% increase in gross loans year-over-year. Despite a slight decrease in the net interest margin to 4.07%, the bank maintained strong credit quality with only $98 thousand in nonaccrual loans.
Santa Cruz County Bank (OTCQX: SCZC) announced the appointment of Susan Just as Executive Vice President and Chief Credit Officer. Ms. Just brings over 30 years of experience in lending and credit risk management, having held senior roles at major banks, managing loan portfolios up to $8.5 billion. Her background includes expertise in regulatory compliance and credit risk, essential for the bank's growth. CEO Krista Snelling emphasized the value of her experience in navigating complex loan portfolios. The bank continues to be a leader in community banking and SBA lending.
Santa Cruz County Bank (OTCQX: SCZC) announced a 25% increase in its quarterly cash dividend, raising it from $0.10 to $0.125 per share. This dividend will be payable on July 6, 2021 to shareholders on record by June 25, 2021. For the quarter ending March 31, 2021, the bank reported a net income of $5.8 million, reflecting a 32% increase year-over-year. The bank's return on average equity stood at 13.66%, and shareholders' equity rose to $173.5 million, an increase of $18.6 million compared to the previous year.
Santa Cruz County Bank (OTCQX: SCZC), with assets over $1.5 billion, ranked 29th among the Top 200 Community Banks in the U.S., as reported in American Banker Magazine's May 2021 issue. This ranking is based on a 3-year average return on equity of 14.61% for the years ending December 31, 2020, outperforming the median of 11.39% for the top 200 banks. The bank also secured 4th place in California. President Krista Snelling attributed the success to strategic focus and high performance, emphasizing their commitment to exceptional credit quality.
Santa Cruz County Bank (OTC: SCZC) has promoted Jon Sisk to Regional President/Chief Banking Officer. With over $1.5 billion in assets, the bank aims to enhance its business development strategy under Sisk's leadership, targeting growth in lending and deposits. Sisk, who has over 25 years of community banking experience and played a key role in the bank's growth into Silicon Valley, will focus on expanding the bank's reach. The bank is recognized for its relationship-based service and is a leading SBA lender in the region.
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