April 7, 2014
Legislation enabling health care providers, including many in the North Bay, to collect higher reimbursement rates on Medicare patients recently passed the U.S. Senate and was signed by the president, a move that will likely permit more physicians to treat Medicare patients. …
Santa Rosa-based American AgCredit recently reported a spike in revenues related to a rush to open or renew crop-insurance policies by Jan. 31 as a result of California’s drought emergency declaration. …
The National Association of Professional Women honored Teresa Sand, assistant vice president of commercial lines at Santa Rosa-based Vantreo Insurance Brokerage, as a 2014 Professional Woman of the Year. …
April 1, 2014
SANTA ROSA — American AgCredit today announced $111.2 million in net income in 2013, a 3.7 percent annual increase largely attributed to new loan demand and improved asset quality.
Winery and vineyard loans totaled $1.1 billion at year-end, growing by 29.4 percent from the end of 2011 and outpacing the annual growth rate of the overall portfolio by more than 11 percent.
March 17, 2014
SANTA ROSA — Major renovation of the former AT&T telephone switching building in downtown Santa Rosa and American AgCredit’s 120,000-square-foot new headquarters north of the city are poised to move to construction in the next month.
January 27, 2014
As California grapples with what is shaping up to be one of the worst droughts in decades, winegrape growers and other agriculture businesses are racing to strengthen or establish crop insurance policies as a hedge against potential weather-related damage that could translate to significant financial losses.
December 17, 2013
SANTA ROSA — American AgCredit is moving forward with a long-held vision to cast its new Santa Rosa headquarters as a hub for other agriculture organizations, more than doubling the planned size with a single 120,000-square-foot office building near Charles M. Schulz–Sonoma County Airport.
December 5, 2013
SANTA ROSA — American AgCredit’s board of directors has named Byron Enix as its incoming president and CEO, a position he will assume after retirement of current president and CEO Ron Carli on Jan. 31, 2014.
September 30, 2013
SANTA ROSA — American AgCredit’s recent acquisition of Petaluma-based Chris Maloney Crop Insurance Services represents a growing focus toward crop insurance in California, as the farm lender seeks to bolster its financial offerings to West Coast farmers.
May 6, 2013
Bank of Marin Chief Financial Officer Christina Cook is leaving the bank. …
American AgCredit returned the largest dividend in its history to its members in 2012, the agriculture cooperative’s first year of positive loan growth since 2009. …
Citing an increase in income-generating assets and new loans, Summit State Bank (NASDAQ: SSBI) reported a 64 percent increase in net income for the first three months of 2013 and declared a larger quarterly dividend. …
AltaPacific Bank’s assets have grown steadily in the year since completing its merger with a Southern California-based bank, ending the first quarter 4.1 percent higher. …
May 2, 2013
SANTA ROSA — American AgCredit returned the largest member dividend in its history in 2012, the agricultural cooperative’s first year of positive loan growth since 2009, the lender reported today.
February 18, 2013
NORTH BAY — Lenders to the North Bay wine industry are following demand for capital as it ripples outward from a record-breaking grape harvest in 2012, after a boost in cash flow allowed many vineyards to pay down working capital and other business debt.
November 12, 2012
A number of wine industry lenders in the North Bay have seen an uptick in demand for financing this year as wineries, vineyards and related industries seek to position themselves more strongly in a changed economy.
October 15, 2012
SANTA ROSA — American AgCredit plans to build a new, 50,000-square-foot headquarters in Santa Rosa, with company executives citing the expertise of current staff and a regional talent pool as key drivers to keep its administrative nucleus on the West Coast at a time of rapid national expansion.
March 12, 2012
SANTA ROSA — American AgCredit today reported net earnings last year increased 88 percent from 2010 to a new record for the Santa Rosa-based agricultural lending giant.
January 5, 2012
American AgCredit, the farm lending giant headquartered in Santa Rosa, has merged with Colorado-based Farm Credit Services of the Mountain Plains.
November 14, 2011
The cold 2011 season and wet harvest dampened North Coast crop yields by as much as one-third from norms by early estimates, and lenders are closely observing grower ability to make payments on crop and other loans with fewer tons to sell and higher vineyard-management costs.
November 7, 2011
Agriculture American AgCredit, the nation’s 8th largest Farm Credit cooperative, has agreed to donate $25,000 to the California Farm Bureau Federation to support efforts to overturn the recently‐adopted Russian River Frost Regulation, passed on Sept. 20 by the State Water Resources Control Board. According to the regulation, beginning March 15, 2012, through May 15, 2012, [...]
February 28, 2011
SANTA ROSA — American AgCredit, the nation’s 7th largest Farm Credit Association announced today financial results for 2010. Full‐year earnings and net interest income reached record highs, and loan quality remained stable throughout the year.
January 31, 2011
Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)
January 10, 2011
Kim Kaselionis, president and chief executive officer of Circle Bank in Novato, has been named one of eight members of an American Bankers Association. … AmericanAg Credit is going through due diligence regarding a proposed merger with Mountain Plains Farm Credit in Greeley, Colo. … American AgCredit has also announced the promotion of three long‐time employees: Bill Rodda, Jim Rizza and Clay Popko. … Bank of Marin Bancorp has signed a lease for a new branch office in downtown Sonoma. The new office at 136 W. Napa St. will open in late spring. With the new location, Bank of Marin will have five branch offices in Sonoma County with a total of 16 offices. … Brett Martinez, president and chief executive officer of Redwood Credit Union, has been elected to the board of directors of the Credit Union National Association, the national trade association for United States credit unions. … U.S. Trust has announced the addition of Jason Foster as senior vice president and private client consultant, based in Santa Rosa, in the west division, as part of a talent acquisition campaign designed to enhance the depth and breadth of its service capabilities for ultra-high-net-worth clientele throughout the nation. … Exchange Bank has announced that Lori Zaret was promoted to senior vice president, chief human resources officer. …
May 24, 2010
Ron Carli, CEO, American AgCredit