2007 HIGHLIGHTS
Torrey Pines continued its growth in 2007, becoming the 11th largest bank in San Diego. By year end, the bank’s assets grew to $759 million in just short of five years. The bank maintained a sound credit portfolio which is reflective of the quality of the staff and the experience they bring to the bank.
Investing in key strengths is the Bank’s unwavering commitment. The Bank expanded its team of experienced bankers in order to respond to its organic growth needs and capitalize on the changing market environment. During the year, the Bank opened a seventh banking office in Carlsbad, which helped the Bank achieve a footprint throughout the county landscape. The Bank also opened a centralized Operations facility.
To fortify its business banking services the bank enhanced its Cash Management capabilities and began transitioning customers from courier service to secure electronic deposits. The bank augmented its business services with educational forums including launching the Aventine Network - a series of educational programs that focused on issues like the local real estate market, 1031 exchanges, marketing to the 21st century, and California labor laws that could affect business owners. The bank also launched its President’s Boardroom luncheon series and its new brand campaign, which represents that Torrey Pines Bank is 'Where Business Gets Done.'
The Bank continued its non-profit banking program, which provided non-profit banking customers over $40,000 in cash back. For the second consecutive year, the bank sponsored the Base Hit Bonus promotion with San Diego Padres first baseman, Adrian Gonzalez as its spokesman. The promotion helped give money to local non-profits throughout the baseball season. In total, the bank gave over $175,000 in grants and over 1,000 hours of community service - including Bank-wide support of Becky’s House II, a transitional housing community for at risk women and children. These efforts helped the Bank gain recognition as a leading corporate philanthropist.
From the products offered and building its team of experienced banking professionals to investing in relaunching its website, the Bank made quality decisions. Each decision was made with the belief that the result would create a better banking experience for customers and a more profitable organization for shareholders.
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
