First Quarter Earnings
Torrey Pines Bank continues to shine in growth and asset quality
Torrey Pines Bank, a leading local commercial bank with offices throughout San Diego County and a subsidiary of Western Alliance Bancorporation, today announced that it is marking its seventh anniversary, on the heels of a positive first quarter in 2010.
"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."
