Banking & Finance: Redwood Credit Union to open in Sebastopol; also: Circle Bank makes Women’s Initiative loans
The credit union’s 2,300- square-foot full-service branch will offer new accounts and teller services, auto and home loans, business services and loans, financial planning and investment services, insurance and a walk-up ATM. The branch will be open Monday through Friday, 9 am to 6 pm and Saturdays 9 am to 4 pm.
“We’ve received many requests over the years for a branch in Sebastopol, so we’re excited to be opening a full service branch to meet the financial needs of our West Sonoma county members and those of the community,” said Brett Martinez, president and chief executive officer of the credit union. “Our Sebastopol branch will have plenty of parking and is proximate to Pacific Market and other services—so we’re confident our members and the community will enjoy the convenience of our new location.”
The site of the branch is currently being remodeled, and will be the one of the first projects in Sebastopol classified under the new statewide Calgreen standards.
Redwood Credit Union is the second largest local financial institution headquartered in the North Bay, serving 185,000 members with nearly $1.8 billion in assets.
Circle Bank has funded the first loans from a $100,000 pool designated for Women’s Initiative clients. Women’s Initiative is a Bay Area non-profit that provides high-potential, lower-income women the training, resources and support to start and grow their own business.
Two initial loans were made to Lauren Clymer, founder of Runway Junkie, an online community where women buy and sell designer clothing and accessories while supporting non-profit organizations, and Victoria Bianchi, owner of Biscotti di Bianchi, which makes gourmet biscotti for retail sale in Northern California.
In 2010, Circle Bank committed to fund loans from $1,000 to $10,000 for terms up to five years. The program provides funding for start-up and expansion micro-loans to women entrepreneurs and small business operators to cover start-up or expansion costs such as business licenses, computers, delivery vehicles, foodservice equipment and employees.
“Our commitment to the Women’s Initiative is designed to support women who have the initiative and the desire to start or to expand their businesses and to help overcome the lack of capital availability which has been a primary factor in preventing their success,” said Kim Kaselionis, president and chief executive officer of Circle Bank.
Beth Ryan has been promoted to Vice President, Retail Banking Officer at Exchange Bank.
Ms. Ryan has been with Exchange Bank since 1988, holding various positions in branches. Ms. Ryan is responsible for the day to day operations management of the Bank’s 19 branches.
She has a B.S. in Psychology from Dominican College.
Peoples Home Lending, the direct-to-consumer mortgage division of Peoples Bank, opened a mortgage production office in Santa Rosa.
Jason Ehrlicher will run the Santa Rosa office. He was previously with Primary Residential Mortgage Inc.
“We recognize a home mortgage is an important financial investment and emotional investment. The Peoples Home Lending offices in California reflect our ongoing commitment to helping Peoples Guests all across America reach their home ownership goals with the mortgage that is absolutely right for them,” said Peoples Bank President and Chief Executive Officer Wint Winter Jr.
Peoples Inc., the holding company that owns Peoples Bank, Peoples National Bank, Peoples Mortgage Corporation and Peoples Home Lending, has banking and mortgage operations in Kansas, Colorado, New Mexico, Ohio, Arizona and California.
Bank of Marin Bancorp has named its 2011 Advisory Board members. The 38 advisors from southern, central and northern Marin, and Petaluma, will meet quarterly to provide local insight into the Marin and Sonoma markets where the bank operates. Advisors are selected for their specific knowledge of the local business and philanthropic community in the North Bay
“As a leading community bank, it is critical that we understand the needs, issues and nuances of the markets where we do business particularly as we continue to expand our footprint in the North Bay,” said Russell Colombo, president and chief executive officer of the bank. “We engage advisory team members to ensure we are meeting the needs of our current and future customers and we give back to each community where it is needed most.”
The advisers are Jim Allen, Belvedere Land Company; Amy Belser, Communications and Political Consultant; Mike Flaherty, Flaherty and Partners; David Gilmour, Paradise Foods; Thomas J. Lahey, Plant Brothers Corporation; Paul Lofholm, Ross Valley Pharmacy and Golden Gate Pharmacy; Larry Mindel, Poggio Trattoria; Andrea Schultz, Greenbrae Management Inc.; Dick Spotswood, politics and government columnist; Brad Silen, Quality Process; Greg Stern, Butler, Shine, Stern & Partners; Ronald Clausen, Clausen Law Group; Jack Diego, Diego Bros.; Fred Divine, Fredric C. Divine & Associates; Stephen Easley, Cassidy Turley/BT Commercial; Holt Greene, Greene Building Company and Robert H Greene Real Estate; Thomas J. Holden, Holden & Company LLP; Heidi Kuhn, Roots of Peace; Melissa Prandi, MPM, Prandi Property Management, Inc. and PropertyAdvantage; Cecilia Zamora, Latino Council of Marin; Patty Bennett, Previous Owner, California Land Title; Clark Blasdell, Northbay Family Homes; Jerry Ghirardo, Ghirardo CPA; James Grossi, CSW/Stuber-Stroeh; Dean Moser, HCA Management; Leslie Murphy, W. Bradley Electric, Inc.; Scott Sullivan, SoundVision; Daryl Weinroth, Law Offices of Daryl Weinroth; John Williams, Sperry Van Ness Real Estate Advisors; Ron Blanquie, Insurance Consulting Associates, Inc.; William Fishman, Attorney-at-Law; Belinda Guadarrama, GC Micro Corporation; Elece Hempel, Petaluma People Services Center; Ken Mazzetta, Mazzetta Dairy; Lyle Smith, Martin Ranch Supply; Clark Thompson, Clark Thompson Insurance; Abbie Walther, Moose Boats, Inc.; and J.T. Wick, Berg Holdings.
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