2010 HIGHLIGHTS
In only a few years, Torrey Pines Bank has been acknowledged as a local leader. Among its accolades, the bank has been recognized as the number one community bank SBA 504 lender for five consecutive years, a Peak Performance Award winner by the National University School of Business & Management, and the only bank in its size category to win the “Best Place to Work” award from the Society of Human Resources Management.
Founded in 2003 with $20 million in capital, a single office and seven employees, Torrey Pines Bank today has over $1 billion in assets, strategically located offices in the Bay Area, Los Angeles and San Diego and more than 150 full-time employees. First quarter 2010 results announced by the bank include:
"We have experienced exciting and challenging times in the industry since starting Torrey Pines Bank seven years ago," said Gary Cady, CEO of Torrey Pines Bank. “Through it all, we have maintained an unfaltering focus on serving the needs of local small and middle market businesses and have upheld the prudent and conservative banking practices, for which we have become known. We believe this dedication has resulted in increased opportunities to serve the needs of our community and loyal customer base, as was illustrated by the bank’s organic assets and deposits growing at a rate greater than any other locally based community bank. As the local banking industry continues to consolidate, we look forward to remaining an attractive alternative to large banks that are more transaction oriented and small community banks that cannot meet the elevated credit and cash management needs of business owners looking to grow."
With the backing of its parent company Western Alliance, Torrey Pines Bank is able to offer business owners additional reassurance with up to five times more FDIC insurance and commercial real estate loans three to five times higher than at a stand alone community bank. Customers have access to a relationship banker, business and personal deposit accounts, equipment financing and other value-added services.
Annual Disclosure Notice
In compliance with regulations adopted by the Federal Deposit Insurance Corporation (FDIC), Torrey Pines Bank has prepared an Annual Disclosure Statement containing important information regarding the financial condition of the Bank. One copy of the Annual Disclosure Statement is available upon request at no cost to you. Additional copies may be obtained for a nominal fee.
To obtain a copy of our Annual Disclosure Statement, contact:
Phil Fowler, Senior Vice President/ Chief Financial Officer
Torrey Pines Bank
12220 El Camino Real, Suite 100
San Diego, CA 92130
pfowler@torreypinesbank.com
