Pat Tropio Linda Eggen Announcement
Torrey Pines Bank, a leading local commercial bank with offices throughout San Diego County and a subsidiary of Western Alliance Bancorporation, today announced the promotion of Patrick Tropio to senior vice president / relationship manager and the hiring of Linda Eggen as vice president / compliance manager.
Pat Tropio is veteran banking professional who has been serving San Diego’s business community since 1991, having experience in commercial and private banking, institutional services tailored for large corporate customers as well as business banking for middle market companies in retail, manufacturing and service industries.
Pat’s responsibilities include marketing the bank’s products, service and values to cultivate new client relationships to help the bank grow its market share in its North Coastal market. Pat works out of the Bank’s Carmel Valley branch and reports to Tom Woolway, Regional Manager for the North Coastal market, which also includes the Bank’s Carlsbad and Private Banking offices.
Pat earned a Bachelor of Science degree from the University of Arizona and currently provides in-kind professional services to the Boys and Girls Club.
Linda Eggen recently joined Torrey Pines Bank as vp, compliance manager. Linda’s banking and compliance background began in 1968. The last 17 years were spent as the compliance manager for San Diego National Bank until it was acquired by U.S. Bank in an FDIC assisted acquisition.
Linda is responsible for ensuring the Bank is compliant with all federal, state and local regulatory requirements. She coordinates internal audits as well as monitors compliance related issues within the bank’s Operations, Lending and Marketing departments. Linda interfaces with regulators during safety and soundness and compliance examinations and is also responsible for the internal dissemination of information pertaining to regulatory agency standards.
“We are pleased to recognize Pat with this promotion to senior vice president” said John Maguire, president and chief operation officer for the bank. “We value our commitment to promote from within and given Pat’s discipline for customer service and product knowledge he has demonstrated a strong commitment to helping the bank expand our presence throughout North County. As we continue to expand, having proper monitoring systems in place that allow us to adapt quickly becomes increasing important to our desire to be responsive to regulators and customers. Linda comes to the bank with a depth of experience in that regard and we’re fortunate to have her on our team” continued Maguire.
In 2003, Torrey Pines Bank was founded with $20 million in capital, a single office and seven employees. Today the Bank has $1.162 billion in assets as of 12/31/09, seven strategically located offices with more than 150 full time employees.
Torrey Pines Bank has offices in Carlsbad, Carmel Valley, Downtown, Golden Triangle, Kearny Mesa, La Mesa and Symphony Towers, to address customers’ needs. It is able to offer up to five times more FDIC insurance and commercial real estate loans three to five times higher than at a single bank, given the backing of its parent company Western Alliance, with $5.8 billion in assets. Customers have access to a robust cash management platform; business and personal deposit accounts; a trust company; equipment financing and investment advice through strategic alliances with Miller/Russell & Associates and Shine Investments. Non-profit organization customers can enroll in a cash back program when they open an interest bearing or non-interest bearing depository account.
Torrey Pines Bank is positioned to grow market share in 2010. Leveraging its big bank capabilities with community bank personal attention the Bank has launched professional banking teams focused on vertical sectors they have experience with including healthcare, non-profit and the legal community. Torrey Pines Bank maintains a strong stance in giving back to the local community, donating over $275,000 to charitable causes in 2009, an increase of 40 percent over the previous year. Its employees contribute hundreds of hours of volunteer services under the bank’s corporate philanthropy and volunteer program for its customers. It is the only bank in its size category to ever win the “Best Place to Work” award from the Society of Human Resources Management. It was a 2008 recipient of the Peak Performance Award presented by National University School of Business.
About Western Alliance Bancorporation
Western Alliance Bancorporation is the parent company of Bank of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Alta Alliance Bank, First Independent Bank, WAL Leasing and Premier Trust. WAL has strategic alliances with Miller/Russell & Associates and Shine Investments. These dynamic companies provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona, California and Colorado. Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers’ needs than larger institutions. Additional investor information can be accessed on the Investor Relations page of the company’s website, westernalliancebancorp.com.
