North Bay Business Journal

Spotlight on leading SBA lenders in the North Bay

Featured in this spotlight on commercial lenders are executives at American River Bank, AltaPacific, Bank of America, Bank of Marin, Bank of Napa, Bank of the West, Comerica Bank, Exchange Bank, First Community Bank, First Northern Bank, Luther Burbank Savings, JP Morgan Chase, Mechanics Bank, Presidio Bank, Rabobank, Silicon Valley Bank, Sonoma Bank, State Assistance Fund for Enterprise Business and Industrial Development Corporation (SAFE-BIDCO), Summit State Bank, Travis Credit Union, U.S. Bank, Umpqua Bank, Union Bank, Warren Capital, Wells Fargo and Westamerica Bank.

Banking and Finance Bank of America Merrill Lynch announced the following staff additions: Mark Mokelke joined the office in Santa Rosa as a senior client manager and senior vice president.  A graduate of the University of San Francisco, Mr. Mokelke has been with Bank of America Merrill Lynch for the past 13 years, working in [...]

Bank of America, N.A. has added a number of new small business bankers to its North Bay staff, part of a national push to bolster services and relationships with small business clients. …

Testifying before a U.S. House of Representatives subcommittee last month, Redwood Credit Union President and CEO Brett Martinez said that statutory limits on business lending for credit unions were limiting those institutions’ ability to meet a current surge in demand and suppressing growth in lending backed by the U.S. Small Business Administration. …

The Federal Home Loan Bank of San Francisco, which provides financing to assist other institutions in home lending, has granted $15,000 to Habitat for Humanity, Sonoma County. …

News about Noel McArdell of Bank of America, Jeff Clark of Bank of the West, Matthew Bartlett of Bank of Marin, Barbara Morrison, Donna Favata-Bosh of Fireman’s Fund, John Bortells of Clover Stornetta, Tony Biagi of The Hourglass Wine Co.

Bank of America has hired 10 advisers across Sonoma and Marin counties for its Merrill Edge Financial Solutions Advisers division.

SANTA ROSA — The BoDean Company aggregate and asphalt supplier is going 100 percent solar-powered, the first to do so in the world, according to the industry magazine Rock Products.

NORTH BAY — North Bay SBA lending — both 504 and 7a — increased by 35 percent in dollars and 21 percent in volume year-over-year for the first half of fiscal 2011 that began in October.

Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)

NOVATO – Fireman’s Fund Insurance will be the first large North Bay company to install fuel cell servers at its headquarters.

The winners of the Business Journal’s fourth-annual Forty under 40 awards were selected from more than 75 nominees and represent new honorees not previously chosen in 2007, 2008 or 2009.

SANTA ROSA — Michael Sullivan, regional vice president in the north coast regional commercial banking office of Wells Fargo, is stepping out of his role and joining the Global Financial Institutions to U.S. Banks — also part of the Wells Fargo family. He will begin in his new position Feb. 1 and will be working out of the Bay Area.

NORTH BAY – Even with aggressive new rules for Small Business Administration loans intended to increase lending, the program hasn’t delivered the punch it intended.