Tamalpais Bank Names Terry Sharp
For Sacramento/Central Valley Regions
Banking Veteran Based in Sacramento Loan Office
San Rafael, CA - May 31, 2006 - Tamalpais Bank today announced that Terry Sharp has been named vice president for business development in the lending department of the Bank’s Sacramento and Central valleys.
From his office at 331 J Street, Suite 200, in Sacramento,
Sharp will provide the full range of commercial real estate and Small Business Administration (SBA) loans to customers who will be able to take advantage of the Preferred Lender Program (PLP) status granted Tamalpais Bank by the U.S. Small Business Administration (SBA).
The status, awarded to only a limited number of financial institutions, allows Tamalpais Bank to streamline the processes involved in securing financial assistance for small businesses.
“This is a significant benefit for our business clients,” said Sharp, a veteran of over a decade of commercial lending in the Central Valley. “The ‘preferred’ status ensures that we can process, close and service SBA loans more quickly, helping local businesses obtain financing for operations and growth.”
PLP status is granted only to banks with a demonstrated proficiency in processing and servicing SBA-guaranteed loans. The service is available to all Tamalpais Bank customers in all of its service regions.
“While Preferred Lender Status recognizes our standing with the SBA,” said Michael Rice, Tamalpais Bank senior vice president, “more importantly it provides our business clients with another benefit to banking with us.”
Sharp’s territory includes Bakersfield, Chico, Fresno, Marysville/Yuba City, Modesto, Redding, Stockton and Visalia and Sacramento and its suburbs.
A graduate of McGeorge School of Law, Sharp was in-house counsel for 10 years with the SBA/commercial lending division of The Money Store/First Union Bank in Sacramento. He holds an undergraduate degree from Chico State University.
About Tamalpais Bank
Tamalpais Bank, a wholly owned subsidiary of Epic Bancorp, operates six branches in Marin County and has announced plans to open a seventh in Tiburon in 2006. Tamalpais also has loan production offices in Sacramento and in Santa Rosa. The branches are located in Corte Madera, Greenbrae, Mill Valley, San Anselmo, San Rafael and Terra Linda. A seventh branch, located in Tiburon, will open during the summer of 2006.
About Epic Bancorp
Epic Bancorp (www.epicbancorp.com), based in San Rafael, is the holding company of Tamalpais Bank and Epic Wealth Management. The Company had total assets of $471 million and total deposits of $327 million as of March 31, 2006. In 2005, Epic was named one of only 38 financial institutions in the United States to receive the prestigious "Sm-All-Star" ranking by Sandler O'Neill & Partners LLP, a New York-based, full service investment-banking firm serving the financial industry. For additional information, please contact Mark Garwood at 415-526-6400.
This news release contains forward-looking statements with respect to the financial condition, results of operation and business of Epic Bancorp and its subsidiaries. These include, but are not limited to, statements that relate to or are dependent on estimates or assumptions relating to the prospects of loan growth, credit quality, changes in securities or financial markets, and certain operating efficiencies resulting from the operations of Tamalpais Bank and Epic Wealth Management. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressure among financial services companies increases significantly; (2) changes in the interest rate environment reduce interest margins; (3) general economic conditions, internationally, nationally or in the State of California are less favorable than expected;
(4) legislation or regulatory requirements or changes adversely affect the businesses in which the consolidated organization is or will be engaged; (5) the ability to satisfy the requirements of the Sarbanes-Oxley Act and other regulations governing internal controls; (6) volatility or significant changes in the equity and bond markets which can affect overall growth and profitability or our wealth management business; and (7) other risks detailed in the Epic Bancorp filings with the Securities and Exchange Commission. When relying on forward-looking statements to make decisions with respect to Epic Bancorp, investors and others are cautioned to consider these and other risks and uncertainties. Epic Bancorp disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.
851 Irwin Street
San Rafael, CA 94901