Rabobank N.A. is planning to move its Santa Rosa office to a new, 6,000-square-foot branch in Santa Rosa's Railroad Square district this April, raising the lender's physical profile as it grows its relationships in the North Bay.
The two-story office on the corner of Third and Davis streets will replace a branch at 90 S. E St., which was the third for Rabobank in the North Bay.
"Branches in general are getting smaller. But what we concluded is -- we don't need as many branches, but we like more hub-type offices," said Charles Day, head of the bank's agriculture lending in the North Bay.
The location will house around 12 staff, with the regional agriculture team on the second floor and others focused on retail, mortgage and small business lending, he said.
"As we expand, we're beefing up our other groups," he said.
Based in the Netherlands, Rabobank entered the California market through the acquisition of the Central Coast's Valley Independent Bank in 2002. With a focus on agriculture lending, the bank has grown steadily in the U.S. and now has nearly 120 branches throughout the state.
A 2010 acquisition of the one-branch Napa Community Bank gave Rabobank a footprint in the North Bay, where the bank had already operated through a small loan production office in Santa Rosa. A Sonoma branch followed in early 2011.
The new Santa Rosa branch is scheduled to open on April 28, following the closure of the current branch on April 25.***
[caption id="attachment_87718" align="alignright" width="224"] Ruth Edwards[/caption]