Seacoast Commerce Bank Announces the Hiring of Fred Mitten, SVP and SBA Business Development Officer, Phoenix, AZ

SAN DIEGO, Oct. 31, 2016 -- Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTC Pink:SCBH) today announced the hiring of Fred Mitten as Senior Vice President and Small Business Administration (“SBA”) Business Development Officer, who will be located in the banks Phoenix Loan Production Office.  Mr. Mitten has over 27 years of banking experience and 18 years specific to SBA lending working with small businesses to facilitate the acquisition, development, and refinance of their commercial real estate properties.  All of his time has been in the metro Phoenix area.   Mr. Mitten spent the last 18 years as a SBA BDO with Wells Fargo Bank.

“Fred is a great addition to our SBA Team and will enhance our presence and success in the greater Phoenix market.  Fred will compliment our existing SBA BDO, Doug Haman, and further grow our Arizona presence. He has advocated for small businesses throughout his career and has been an outstanding producer of SBA loans, specifically for small business owners who want to buy, construct, refinance or expand their own facility,” stated David H. Bartram, Executive Vice President, Chief Operating Officer, and SBA Division Manager.  Mr. Mitten can be reached by email at [email protected] or at (480)-522-2070 office, or (602)-571-7239 mobile.

About Seacoast Commerce Banc Holdings:  Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank.  Both the holding company and the bank are headquartered in San Diego, California, with the Bank having full-service banking branches in San Diego and Chula Vista, California, and production offices in San Diego, Orange County, Los Angeles, Sacramento and San Ramon, California; Phoenix, Arizona; Denver, Colorado; Portland, Oregon; Las Vegas and Reno, Nevada; Houston and Dallas, Texas; and Bellevue, Washington.  For more information on Seacoast Commerce Banc Holdings, please visit www.scbholdings.com; to learn more about Seacoast Commerce Bank, visit www.sccombank.com, or contact Richard M. Sanborn, President and Chief Executive Officer at (858) 432-7001.

For more information on Seacoast Commerce Bank’s SBA lending platform, please contact David H. Bartram, Executive Vice President, Chief Operating Officer, and SBA Division Manager at (858) 432-7002.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such “forward-looking” statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance and regulatory matters.