Redwood Credit Union is going to open a new full-service branch and ATM in Sebastopol at 7840 Covert Lane near Pacific Market in early fall 2011.
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.
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"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.
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"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.