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North Bay Business Journal

Monday, November 7, 2011, 6:50 am

Banking: Berthinier, Davis join North Valley Bank; Wells CEO addresses economy

Also: Sonoma manager for Circle Bank; RCU’s ‘Amazing Savers’

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    Redding-based North Valley Bank has hired a trio of well-known bankers for their branch in Santa Rosa.

    Joining the staff are Dianna Berthinier, who joined as senior vice president and regional manager in August; Terrance Davis, who joined as senior vice president and business banking officer in September; and Brian Rose, who also joined in September as vice president and commercial loan officer.

    Diane Berthinier

    Ms. Berthinier, who served as a senior vice president at National Bank of the Redwoods and is a former loan officer at Ryan Mortgage, said that she was happy to be back in the industry after a two-year hiatus.

    “I’m excited to be back in it,” she said. “It’s been fun, because a lot of us are getting reacquainted with our former clients.”

    Terry Davis

    Mr. Davis, who joins Ms. Berthinier at the eight-person branch, served as president of Santa Rosa-Based Summit State Bank from 2000 to 2008 and as executive vice president from 1998 to 2000 when the bank was based in Rohnert Park and named Summit Savings and Loan. Most recently, Mr. Davis was a consultant at HarVest Bank of Maryland in Gaithersburg, Md.

    Brian Rose

    Mr. Rose was most recently a broker associate and commercial real estate underwriter at Bay Sierra Financial Inc., starting in 2008. He has been involved in banking since 1998, including time serving previously as a vice president and commercial loan officer at North Valley from 2005-2008.

    The 40-year-old North Valley Bank opened branches in Santa Rosa and Ukiah in 2005 and currently manages 24 locations. The bank reported $905.59 million in assets in its third-quarter filing, up from $895.06 million in the prior quarter.

    ***

    Tom Rose

    Novato-based Circle Bank has hired long-time community banking executive Tom Rose for the newly created position of vice president and area manager for Sonoma County.

    Mr. Rose will manage the bank’s two Sonoma County branches, in Santa Rosa and Petaluma. He spent more than two decades working at banks including Mechanics Bank, Home Savings of America and Citibank, and comes to Circle after 10 years in the 24-branch Fremont Bank.

    “As a recognized leader among local banks and with a strong history in SBA lending, we are poised to expand our presence,” said Erick Kostuchek, senior vice president of branch administration.

    Circle Bank operates six branches, with $316.7 million in total assets, and reported its 49th consecutive profitable quarter on Sept. 30.

    ***

    Wells Fargo Chairman, President and CEO John Stumpf presented “The State of the Financial Services Industry” at the Wells Fargo Center for the Arts Tuesday, part of Empire College’s Distinguished Speakers Series.

    The event, held during the college’s 50th anniversary “Golden Jubilee” celebration, honored the college’s founder,  Henry Trione.

    Mr. Stumpf spoke of the corporate culture that Mr. Trione, a well-known philanthropist and businessman in Sonoma County, established while serving on the Wells Fargo board of directors.

    “The culture that we enjoy today — the footprints that we walk in during dark times — are Henry’s,” he said.

    The bank president said that slow recovery from the recession is due to the widespread pain of the housing downturn, high personal debt and business uncertainty amid ever-changing government policies.

    The turnaround, he said, would come from support of small business, education and an increase in domestic manufacturing.

    “All the best stuff used to come from America,” said Mr. Stumpf. “We need to start making stuff again and level the playing field.”

    Mr. Stumpf then took questions from the audience, including his thoughts on Occupy Wall Street.

    “People are hurting—this is a tough economy,” he said. “We’re listening.”

    ***

    Community First Credit Union opened more new checking accounts and signed up more new members in October than in any month during the past 50 years.

    The credit union reported adding 167 new checking accounts that month, a 52.7 percent increase over September and a 61.1 percent increase from the same month in 2010.

    More than 200 people became new members of the bank that month, 42.2 percent more than in September and 72.4 percent more than October of last year.

    “The increases we’ve seen in checking and members are a combination of us opening a new office in Healdsburg in September, implementing our free smartphone banking app, and the attention the various occupy movements have had … ” said Todd Sheffield, CEO of Community First.

    Community First operates two full service branches in Santa Rosa and has three “smart offices” in Guerneville, Healdsburg and Sebastopol. The credit union currently has 12,319 members and $120 million in assets.

    ***

    Spots are still available to RSVP for Redwood Credit Union’sAmazing Savers Gala” to be held on Nov. 17 from 6 to 8 p.m.

    The event will celebrate the winner of the credit union’s “Amazing Savers Contest.” Five teams participated in the competition, each trying to accomplish the greatest transformation in their financial health.

    The winner will receive a $10,000 prize. The public can cast their vote at www.rcuamazingsavers.

    The event will be held at Redwood Credit Union’s administrative offices, 3033 Cleveland Ave. in Santa Rosa. Appetizers and refreshments will be served. Call 1-800-479-7928 to sign up.

    ***

    Submit items for this column to Business Journal Staff Writer Eric Gneckow, 707-521-4259 or eric-gneckow@busjrnl.com.

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