Santa Clara Valley Bank reaches milestone with $50M in assets

October 01, 2003
Santa Paula News

Santa Clara Valley Bank, with branches in Santa Paula and Fillmore, has reached a milestone with $50 million in assets, SCVB President/CEO Michael D. Hause announced.

Santa Clara Valley Bank, with branches in Santa Paula and Fillmore, has reached a milestone with $50 million in assets, SCVB President/CEO Michael D. Hause announced.“We are excited about the strong earning base that this asset level affords us,” said Hause. “It not only benefits our existing customers, but also enables us in the near future to expand our products and services available to new customers,” including Internet banking and bill pay options. “And, we continue to attract more and more business accounts from throughout Ventura County. We will continue to emphasize customer service and the tradition of community banking. As we grow, our commitment to traditional banking only grows stronger.”Santa Clara Valley Bank encompasses a “healthy share of river valley customers. The success of the bank is the success of the community,” Hause noted.It was six years ago that members of the Santa Clara River Valley community learned that Citizens State Bank - then the oldest community bank in Ventura County - was being sold to a regional financial institution.On the heels of the announcement a group of community leaders started discussions to ensure that the tradition of community banking would continue to meet the river valley’s unique needs and preserve local decision-making.One of the Bank’s primary goals is to maintain a community-based bank that hires area residents and supports local charities.
Santa Clara Valley Bank was also among the first of financial institutions that initiated a stronger than industry standard privacy policy banning the release of customer information unless requested by the account-holder.“It’s very gratifying to reach the $50-million goal that we set five years ago,” said SCVB Board Chairman Sanger Hedrick. “I have to compliment the wisdom of Don Olivier and all the people that planned Santa Clara Valley Bank from the start. We look forward to setting equally ambitious goals for the next five years,” especially with the rising customer wish to return to the traditional services of personalized community banking.Santa Clara Valley Bank is “Growing rapidly because people are not satisfied with the impersonal larger banks; we give them the service they deserve, which is why SCVB will continue to grow,” noted SCVB Chairman Emeritus Don Olivier.SCVB is celebrating attaining the $50-million asset milestone by offering a $25 credit towards a safe deposit box for those opening a new checking account.



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