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Maria Contreras-Sweet, selected to succeed Karen Mills at the Small Business Administration, has a background in lending to Hispanic groups and women. But bankers hope she'll focus on shifting the SBA to more online loans.
February 3 -
A recent report from Sterne Agee included a list of banks with similar traits to sellers in pending deals. Such traits, including aging CEOs and substandard returns, could portend future sellers.
December 1 -
Seacoast Commerce Bank (SCCB) in San Diego has opened a new loan production office in Boise, in an effort to extend its Small Business Administration lending business to Idaho and eastern Washington.
May 28
Seacoast Commerce Bank in San Diego has created a new holding company.
The bank merged into Seacoast Commerce Banc Holdings on Monday in a move approved in late October by the Federal Reserve Bank of San Francisco.
"Having a holding company provides us with additional flexibility when it comes to capital raising alternatives and business opportunities," Richard Sanborn, the company's president and chief executive, said in a
Seacoast
