Seacoast Commerce Bank Announces the Hiring of Ernesto M. Arredondo, Jr. Executive Vice President and Chief Banking Officer

SAN DIEGO, Oct. 17, 2017 -- Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTC Pink:SCBH) today announced the hiring of Ernesto M. Arredondo, Jr. as Executive Vice President and Chief Banking Officer.  Mr. Arredondo, a 20-year financial services veteran with a proven track record of building highly successful banking teams, joins Seacoast Commerce Bank from Wells Fargo Bank, where he served as the San Diego Area President.  His role at Wells Fargo Bank encompassed the management and growth of close to 1,000 financial professionals over 55 retail banking offices, with $6 billion in deposits and $2 billion in loans. 

“Ernesto is an outstanding addition to the Seacoast team.  His expertise in market growth, franchise expansion, customer acquisition, technology enhancements, and specialty banking will help guide our new banking platform, which includes our recently completed acquisition of Capital Bank,” stated Richard M. Sanborn, President and Chief Executive Officer. 

Mr. Arredondo is the current Chairman of the San Diego Regional Chamber of Commerce; Board Trustee on the San Diego Police Foundation; Board Director on the American Red Cross; and Council Advisor for the Stanford University Latino Entrepreneurship Program.  Mr. Arredondo can be reached at (858) 432-7005 or [email protected].

About Seacoast Commerce Banc Holdings:  Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank, which includes Capital Bank, a division of 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 Encinitas, National City, San Diego and San Juan Capistrano, California, and loan production offices in San Diego, Orange County, Los Angeles, Sacramento and San Ramon, California; Phoenix, Arizona; Denver, Colorado; Portland, Oregon; Las Vegas, Nevada; Austin, Dallas and Houston, 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.

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.