A CALIFORNIA COMMERCIAL BANK WITH THE CAPACITY TO KEEP LOCAL BUSINESS THIRIVING.
The economic and business environments of California's diverse communities all offer their own unique challenges and opportunities. As a part of many of those communities, Torrey Pines Bank knows firsthand what it takes to found, grow and maintain a thriving business here. We also know that, regardless of your industry, business owners all have something in common: the desire for a close relationship with banking professionals who understand your financial goals, and the need for financial solutions that help you get there.
Real Relationships for Better Banking.
That’s exactly what you'll find at Torrey Pines Bank. While our organization is relatively new in some of the communities we serve, our people are not newcomers. We have assembled a seasoned team of banking professionals who possess the broad experience necessary to deliver creative solutions in complex situations. Our organization is uniquely structured to operate on a geographic rather than a traditional "line of business" basis. This structure empowers our relationship bankers to make decisions quickly, and it offers you a single point of contact to directly address all of your banking needs.
Lending Strength and Flexibility.
At Torrey Pines Bank, you'll find all of the products and services of a large bank, with the personal attentive-ness of a community bank. When you approach a large national bank with an unusual need or a complex challenge, you often run up against organizational bureaucracy that gets in the way. If you take that request to a typical local bank, they may have more leeway to find a creative solution but lack the necessary resources.
Our unique advantage is that we have resources that surpass most community banks while we preserve the ability to adapt our offerings to each customer. For example, in the area of commercial real estate loans, our individual lending limit is three to five times higher than a typical local bank Our lending practices have always been thorough, methodical and designed to reward established, well-quali?ed borrowers. So while other community banks find themselves facing a lack of capital, deteriorating loan portfolios and lending limits, we'll often provide financing others can't.
Our History.
Founded in 2003, Torrey Pines bank is an affiliate of Western Alliance Bancorporation, one of the fastest- growing financial service organizations in the nation. Its subsidiaries include banks in Arizona, Nevada and California, Western Alliance Equipment I Finance, Shine Investments, and a strategic alliance with the wealth management services of Miller] Russell & Associates LLC. On June 30, 2005, Western Alliance Bancorporation became a publicly traded corporation (NYSE: WAL).
From $20 million in initial capital commitments, Torrey Pines Bank has grown to total assets in excess of $1 billion. The bank became profitable in its eighth month of operation and is one of the top 10 largest banks of 730 banks opened since the beginning of 2003.
Clearly our approach to working with the business owners and professionals in the California communities we serve is meeting an urgent need in these markets, and we are building a loyal client base whose referrals nurture our rapid growth. Like the Torrey pine itself, this bank is a unique regional phenomenon and uniquely positioned to be a valuable banking partner for you.
Our Leadership.
CHAIRMAN OF THE BOARD
Cary Mack
Cary Mack serves as the Chairman of the Board of Directors of Torrey Pines Bank, having served on the Bank’s Board of Directors since its formation in 2003. He also sits on the Board of Directors of Western Alliance Bancorporation (NYSE: WAL) and was formerly the Chair of WAL's Audit committee. He has previously served on the Board of Trustees and associated committees of various charitable organizations.
Mr. Mack is a Managing Principal with Southwest Value Partners, a value oriented real estate investment management firm. He was formerly employed by PricewaterhouseCoopers (beginning in 1983), Mack|Barclay Inc. (beginning in 1990), and LECG (beginning in 2006). Mack|Barclay Inc. was a professional services firm he founded in 1990, successfully built and managed into one of the largest boutique economic and forensic consulting firms in Southern California, and sold to LECG in 2006. LECG is a publicly traded, international expert services firm.
Mr. Mack is licensed in the state of California as an attorney, certified public accountant, and real estate broker. His professional career has been significantly devoted to successfully growing businesses and conducting verifiable economic and valuation analysis applicable to business and real estate interests. He has analyzed and consulted regarding highly complex financial, economic, and valuation issues, and has presented qualified expert opinion testimony regarding such matters throughout the country on in excess of 200 occasions. He has substantial experience in the general business, real estate, and financial institution environments.
CHIEF EXECUTIVE OFFICER
Gary Cady
Gary Cady is CEO of Torrey Pines Bank and is responsible for the overall strategic direction and safety & soundness of the bank. Mr. Cady?s oversight includes direct reports with responsibilities for accounting, asset quality, branch operations, compliance, marketing and recruitment. Mr. Cady sits on the Audit and Asset Liability committees with reporting accountability to the Board of Directors.
Gary is a long-time San Diego resident who has built a distinguished 30-year career in banking. He spent much of his career with prominent and successful financial institutions, where he held senior management positions across various disciplines.
Mr. Cady holds a M.B.A. in Financial Management and a BS degree in Finance. He is active in the community, serving a variety of local organizations including the San Diego Regional Chamber of Commerce, San Diego Symphony and Continuous Quality Insurance Corporation.
The father of six sons, he is an avid supporter of youth sports, serving as a coach and board member on several local Little League baseball teams and basketball leagues.
PRESIDENT AND CHIEF OPERATING OFFICER
John Maguire
John Maguire is the President and Chief Operating Officer for Torrey Pines Bank. As one of the founding Officers of Torrey Pines Bank he was asked to join Robert Sarver and Gary Cady in organizing the Bank in 2003. He served as manager of the La Mesa Office until his promotion to Executive Vice President in 2007, and was further asked to accept the position of President and COO in March, 2009.
John has been involved in the San Diego banking community since 1985 when he started his career at Bank of America. Subsequently, he spent fourteen years at Grossmont Bank / California Bank and Trust building local market knowledge and experience.
John is a member of the East County YMCA Board of Directors. He also served on the Board of the Grossmont Hospital Foundation and is a former member of the La Mesa Rotary Club.
John earned a Bachelor’s degree from University of San Diego, in Business Administration. He is also a graduate of Pacific Coast Banking School, in Seattle, Washington.
EXECUTIVE VICE PRESIDENTS
Phil Fowler
Chief Financial Officer
Phil Fowler was promoted to Executive Vice President in 2008. Mr. Fowler is responsible for the management of the Bank's financial records, monitoring and reporting. His responsibilities also include managing the Bank's daily cash position, preparing monthly internal financial statements, accounts payable and prepaid expenses. Mr. Fowler is also responsible for the management of the Bank's investment portfolio, asset and liability exposure, the budgeting process and deposit rate setting. Mr. Fowler is the primary liaison to financial statement auditors and regulators.
Having strong competencies with computerized online general ledger systems, including M & I and Computer Associates, Mr. Fowler looks forward to bringing a new level of Accounting sophistication to the Bank. Mr. Fowler believes that there is ample room for professional growth while having the ability to leave an imprint with his current role. In lieu of being removed from projects, Mr. Fowler prefers the hands-on environment that Torrey Pines Bank provides; for example, developing new accounting systems to accommodate the new products and services. Mr. Fowler has accountability for aspects outside of Accounting including Media and Investor Relations.
Mr. Fowler earned a Bachelor of Science degree in Accounting from San Diego State University. He serves on the Board of Directors for San Diego Junior Theatre and Torrey Pines Christian Church and in his spare time enjoys the theatre, gardening in addition to playing tennis with his two children.
John Massab
Chief Credit Officer
John P. Massab is the Executive Vice President and Chief Credit Officer for Torrey Pines Bank. Mr. Massab has been managing commercial credits for most of his professional career and draws from a strong background of over 25 years experience in banking and is a special asset to Torrey Pines Bank because nearly all of those years have been advising San Diego businesses and business owners.
John is responsible for advising the Bank's Executive Management team on its asset and credit portfolio. John's primary objective is to oversee the Bank's credit culture and bring sophisticated credit measurement and control systems to an expanding banking franchise. As such, John chairs the Bank's Management Loan Committee and serves on the Bank's asset liability committee. Additionally, John evaluates the Bank's credit delivery systems and provides workflow enhancements that help improve client satisfaction.
Mr. Massab received his Bachelor of Arts degree in Economics and Management from Albion College. Located in Albion, Michigan, the school is known for the prestigious President Gerald R. Ford Institute for Public Policy & Service. He also holds a Graduate degree from Pacific Coast Banking School, University of Washington, Seattle, WA in 2002.
John has lived in San Diego for the past 28 years. He commits his time as a Board Member of the Downtown YMCA, helping the organization expand programming and reach. He is active in the Rancho Bernardo community, having served youth baseball programs for 15 years.
William McLennan
Chief Real Estate Officer
William A. McLennan joined Torrey Pines Bank in 2003 and is the Chief Real Estate Officer of Real Estate department. Mr. McLennan is responsible for loan production and the strategic direction of the real estate division including project underwriting, streamlining loan processing, administration and client communications.
With 25 years of Real Estate banking and lending experience in both interim and term financing areas across the Western United States, Mr. McLennan brings skills to Torrey Pines Bank that are unmatched in the region. His specialties include advising his team on structuring residential real estate, commercial, office and industrial projects. He brings a wealth of experience having provided financing for a broad spectrum of projects, in term of size and dollars.
Mr. McLennan's lending experience has helped Torrey Pines Bank to differentiate itself from other large and de novo lenders in its ability to respond quickly to customer's financing requests.
Mr. McLennan has a Bachelor's in Arts from the University of California, San Diego and is actively involved with industry related service organizations.
A sense of urgency and responsiveness to the real estate loan approval process is the attribute that Mr. McLennan provides to Torrey Pines Bank and the Real Estate team.
