SACRAMENTO, Calif.–(Business Wire)–
As part of their vision to Bring Community Banking to Downtown Sacramento,
Golden Pacific Bank, a subsidiary of Golden Pacific Bancorp, opens its first
branch in Sacramento at 980 9th Street, at the corner of 9th and J Street on
Thursday, July 1, 2010. Located in the Park Tower building, the Golden Pacific
Bank lobby offers views of Cesar Chavez Plaza and is primed to serve the entire
Downtown Sacramento area.
The Downtown Sacramento branch will feature:
* Complete suite of business and personal financial services solutions
* Convenient location- easy access from both 9th and J Streets
* Validated parking- customers will be able to complete their banking
transactions and receive validation from the Park Tower parking garage
* Financial education and insight- Golden Pacific Bank will offer instruction
and demonstrations for customers on all bank products
* Community room access- Golden Pacific Bank`s “Community Room” offers a place
for the public to hold meetings with free Wi-Fi access
* Full mortgage department onsite- Golden Pacific`s lending team is located in
the Sacramento branch to offer insight and solutions for residential mortgage
needs
In the next 24 months, the Sacramento branch of Golden Pacific Bank and the
entire Golden Pacific Bancorp network of banks anticipate lending in excess of
$150 million in new commercial and residential loans. As a result, the
Sacramento branch of Golden Pacific Bank is well positioned to serve the greater
Sacramento area with custom financial solutions.
“Right now, many banks are preserving their capital, limiting the amount they
will lend. This is affecting both small businesses, which rely on credit lines
to maintain operations, and homebuyers who are having a hard time obtaining a
mortgage,” said Golden Pacific Bank President Roy Malone. “This creates a great
opportunity for us to step in and meet the needs of healthy businesses and
qualified customers.”
The new branch is part of Golden Pacific Bancorp`s network of community banks
that also includes 5 Gold Country Bank branches located in Yuba, Sutter, and
Butte counties.
About Golden Pacific Bancorp
Golden Pacific Bancorp is a bank holding company headquartered in Sacramento,
CA. Golden Pacific Bank is a division of Gold Country Bank and is wholly owned
by Golden Pacific Bancorp. Gold Country Bank operates 6 branches in Yuba,
Sutter, Butte, and Sacramento counties and has a 24 year history of community
banking in Northern California.
This press release contains statements which constitute “forward-looking”
statements within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Litigation Reform Act of 1995, which involve the anticipated development and
expansion of our business, and our intent, belief or current expectations, and
that of our directors or our officers.Because such statements are subject to
risks and uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements.These risks and
uncertainties include, but are not limited to, risks related to the local and
national economy, our performance and implementation of our business plans, loan
performance, interest rates, and regulatory matters.
Golden Pacific Bancorp
Crystal Bullard, 916-444-2450
Marketing Officer
cbullard@goldenpacificbank.com
Copyright Business Wire 2010
