North Bay Business Journal

NOVATO — Circle Bank hired Juanna Collin as senior vice president of operations and technology.

NOVATO — Circle Bancorp, parent company of Circle Bank, reported fourth-quarter net income of $720,000, compared with $431,000 in the prior quarter and $718,000 in the fourth quarter of 2009.

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.

There will be a continued upgrading of tenancies and back-filling of vacancies at shopping centers throughout the county. First-tier shopping centers are posting rental rate growth and will continue to do so throughout the year. Second-tier centers will remain flat or experience limited rental growth and third-tier centers will continue to face downward pressure on rents.

NOVATO — A dispute has developed between shareholders of Circle Bancorp over plans for an initial public offering to raise $20 million to $30 million to expand the bank’s reach.

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

NOVATO – Circle Bancorp, parent company of Circle Bank, started investor presentations about its public offering but has yet to set a date.

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. …

NOVATO – Circle Bancorp, parent company of Circle Bank, which is trying to go public, announced the anticipated offering price of shares to be $10.50 and that between 3.05 million and 4.01 million shares would be available.

NORTH BAY — The economy is still challenged, and businesses are still struggling. But there are some positive things happening, according to leading SBA lenders in the North Bay.

NOVATO — Circle Bancorp, the parent of Circle Bank, may hear as early as this week if the U.S. Securities and Exchange Commission will approve a filing requesting to raise between $20 million and $30 million in capital through an initial stock offering.

NOVATO — Circle Bank, the wholly owned subsidiary of Circle Bancorp, today reported year-to-date net income of $1.52 million, a 14 percent increase over $1.34 million for the same period 2009.

NOVATO — Circle Bancorp, the parent of Circle Bank, has made the initial steps to becoming a publicly traded company, intending to raise between $20 million and $30 million in capital through an initial public offering of stock, according to a recent regulatory filing.

NORTH BAY – The passage of HR 5297, the Small Business Jobs Act, established in the Treasury the Small Business Lending Fund of $30 billion and $12 billion in tax incentives intended to spur lending and get small businesses back on their feet.

NORTH BAY – The House passed HR 5297 today, the small business lending bill that once made into law will greatly increase the reach of Small Business Administration loans.

NORTH BAY — This morning, the Senate passed HR 5297, the small business lending bill that once made into law will greatly increase the reach of Small Business Administration loans.

NOVATO — Circle Bancorp, the privately-held parent company of Circle Bank, reported second quarter 2010 consolidated net income of $279,000, up from the $263,000 for the same period last year.

‘David suffering for Goliath’s sins;’ also, 2 in top Bauer rank There are two fewer locally based banks in the North Bay than there were at this time last year. Tamalpais Bank was shut down by the Federal Deposit Insurance Corp. and purchased by Union Bank. Napa Community Bank, previously under the parent company of Capitol Bancorp [...]

SANTA ROSA – Circle Bancorp, parent company of Circle Bank, reported first quarter net income of $461,000 million, up 26.7 percent from the same quarter last year.

Union Bank is opening its first full-service branch in Sonoma in May. It will be the San Francisco-headquartered bank’s fourth North Bay location.