San Diego Trust Bank Set To Launch New Encinitas Office
Mary Purviance Leads Top-Notch Team as Bank Expands Into North County
SAN DIEGO - Following yet another quarter of record earnings, San Diego Trust Bank (OTCBB: SDBK) announced today that it will be opening a new, full service, banking office in Encinitas next month. Mary Purviance, one of the most well-known and respected bankers in North County, has joined the Bank as Senior Vice President and will lead the Company's expansion efforts in the region.
Purviance, a resident of Encinitas, has personally served the needs of that market and surrounding communities for more than thirty-three years. Collectively, Purviance and her team have more than 100 years experience in fulfilling the needs of the North County market. Most recently, Purviance was manager of Southwest Community Bank's Encinitas Office, which she opened more than ten years ago. Southwest Community Bank and it's parent company, were recently acquired by Wells Fargo Bank in June of this year.
"I'm elated to join one of the top-performing community banks in the State, let alone the County, and look forward to being able to deliver the same kind of personal service and attention our clients have enjoyed for years," exclaimed Purviance. "Our entire team is excited about the opportunity and looks forward to re-uniting with the wonderful residents and business community in North County under the San Diego Trust banner," she added.
San Diego Trust Bank has received all requisite regulatory approvals and is scheduled to open the new facility in September of this year with an experienced staff of six local community bankers, all of whom are intimately familiar with the market. The new Regional Banking Center will be situated in a newly constructed, two-story building, located at 781 Garden View Ct., adjacent to Frog's Athletic Club. The Bank's offices will occupy the entire first floor, consisting of approximately 5,000 sq. feet and include an ATM and safe deposit boxes.
"Our consistent earnings and strong capital position have enabled us to capitalize on the consolidation within the industry and we are most excited about the opportunity this represents for the Bank and our shareholders," commented Michael Perry, Chairman, President and CEO. "We're blessed to have such talented and quality individuals join our organization and look forward to working with them as we further expand our presence throughout the County," he added.
Founded by several of San Diego's most respected banking veterans and business leaders, San Diego Trust Bank is dedicated to the timeless principles of superior local market knowledge, unparalleled service, and building exceptional shareholder value. With over four hundred years of collective experience banking San Diegans, timely local decision making, and one of the most comprehensive product lines found in the market today, San Diego Trust Bank delivers "Performance You Can Trust."
San Diego Trust Bank common stock is traded on the Over-the-Counter Bulletin Board (OTCBB) under the symbol "SDBK". For information on acquiring the company's stock please contact Mr. Richard Levenson, Senior Vice President of Western Financial Corporation at (619) 544-0260.
For more information on the Bank please visit www.sandiegotrust.com or call (619) 525-1700.
CONTACT: Michael Perry
FORWARD LOOKING STATEMENTS
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained herein to reflect future events or developments.