Tamalpais Bank Ranked Largest SBA Lender in Marin County
15 Janvier 2008 - 8:00PM
Business Wire
Tamalpais Bank has been named the largest SBA lender based in Marin
County by the San Francisco Business Times in its recently
published 2008 Book of Lists. In addition, the Bank, the only Marin
County community bank ranked in the Top 25 SBA lenders, was cited
as the 7th largest in the Bay Area, according to the rankings.
�This is a significant honor for us,� said Michael Rice, Tamalpais
Bank senior vice president and Chief Lending Officer, �and
indicative of our interest and expertise in helping qualified small
businesses with their financing requirements. �What our clients
tell us makes our services stand out,� he said, �is that we
approve, fund and service in the greater Bay Area. That means they
meet us directly and we form relationships with them. We become
their personal banker, not a voice on the telephone or an unseen
email correspondent.� In 2007, Tamalpais Bank funded $37.7 million
in SBA and B&I loans for small and medium size businesses.
According to the Business Times, the average SBA 7a loan size
provided by Tamalpais Bank was $606,333. �We understand the needs
of small businesses and the SBA process,� Rice said. The Bank
recently announced the opening of an SBA loan production office in
Roseville to serve the Sacramento and Central valleys. It also has
previously been designated by the SBA as a National Preferred
Lender, allowing it to provide expedited processing. Last year,
Tamalpais Bank ranked 17th in the Business Times list. �We have
made a concerted effort to expand our services to small and medium
size businesses,� Rice said. �Our loan officers have proven SBA
lending experience in working with businesses on their financial
requirements.� Tamalpais Bank, a wholly-owned subsidiary of Epic
Bancorp (NASDAQ: EPIK) operates loan production offices in San
Rafael, Santa Rosa and Roseville, a suburb of Sacramento. The SF
Business Times Book of Lists, published annually, is compiled from
publicly available statistics as well as company-provided
information for organizations located in five counties: San
Francisco, San Mateo, Marin, Alameda and Contra Costa counties.
Some lists also include data from Santa Clara and other counties,
according to the publisher. About Epic Bancorp Epic Bancorp
(www.epicbancorp.com), based in San Rafael, CA, is the parent
company of Tamalpais Bank and Tamalpais Wealth Advisors. The
Company had $543 million in assets and $370 million in deposits as
of September 30, 2007. Shares of the Company's common stock are
traded on the NASDAQ Capital Market System under the symbol EPIK.
For additional information, please contact Mark Garwood at
415-526-6400. About Tamalpais Bank Tamalpais Bank, a wholly owned
subsidiary of Epic Bancorp, operates seven branches in Marin County
and loan production offices in Sacramento and Santa Rosa. The
branches are located in Corte Madera, Greenbrae, Mill Valley, San
Anselmo, downtown San Rafael, Terra Linda and Tiburon/Belvedere.
Bank branches offer full services to businesses, participate
actively in local organizations via its Community Outreach Program
and provide free-of-charge community rooms to non-profit
organizations. For additional information, please contact Mark
Chapman at 415-526-6485. About Tamalpais Wealth Advisors Tamalpais
Wealth Advisors, a wholly owned subsidiary of Epic Bancorp,
specializes in helping clients of Tamalpais Bank and other high net
worth families reach their lifetime financial goals through a
collaborative, comprehensive and education-oriented approach to
investment management. For additional information about Tamalpais
Wealth Advisors, please call Bill Osher at 415-526-4300. This news
release contains forward-looking statements with respect to the
financial condition, results of operation and business of Epic
Bancorp and its subsidiaries. These include, but are not limited
to, statements that relate to or are dependent on estimates or
assumptions relating to the prospects of loan growth, credit
quality, changes in securities or financial markets, and certain
operating efficiencies resulting from the operations of Tamalpais
Bank and Epic Wealth Management. These forward-looking statements
involve certain risks and uncertainties. Factors that may cause
actual results to differ materially from those contemplated by such
forward-looking statements include, among others, the following
possibilities: (1) competitive pressure among financial services
companies increases significantly; (2) changes in the interest rate
environment reduce interest margins; (3) general economic
conditions, internationally, nationally or in the State of
California are less favorable than expected; (4) legislation or
regulatory requirements or changes adversely affect the businesses
in which the consolidated organization is or will be engaged; (5)
the ability to satisfy the requirements of the Sarbanes-Oxley Act
and other regulations governing internal controls; (6) volatility
or significant changes in the equity and bond markets which can
affect overall growth and profitability of our wealth management
business and; (7) other risks detailed in the Epic Bancorp filings
with the Securities and Exchange Commission. When relying on
forward-looking statements to make decisions with respect to Epic
Bancorp, investors and others are cautioned to consider these and
other risks and uncertainties. Epic Bancorp disclaims any
obligation to update any such factors or to publicly announce the
results of any revisions to any of the forward-looking statements
contained herein to reflect future events or developments
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