Published:
Tamalpais Bank Awarded Preferred Loan Status in Sacramento and Fresno by SBA
Tamalpais Bank and Epic Bancorp CEOs' to Present at Sandler O'Neill and Cohen Bros. Investor Conferences
Tamalpais Bank (the Bank), a wholly owned
subsidiary of Epic Bancorp (NASDAQ: EPIK) (the "Company"), today announced
that it has been approved for expansion of its Preferred Lender Program
(PLP) status by the U.S. Small Business Administration (SBA) into the
Sacramento and Fresno Districts. The Bank has previously been approved PLP
status in the San Francisco District.
The status, awarded to only a limited number of financial institutions,
will allow Tamalpais Bank to streamline the processes involved in securing
financial assistance for small businesses.
"We are pleased to be able to increase our geographic reach by obtaining
PLP status in the Sacramento and Fresno Districts," said Mark Garwood,
President and CEO of Tamalpais Bank. "We have recently opened our
Sacramento Loan Production Office, and our preferred status ensures that we
will be able to process, close and service SBA loans quicker than we have
in the past, helping local businesses obtain financing for operations and
growth."
PLP status is granted only to Lenders that have demonstrated the highest
degree of proficiency in processing and servicing SBA-guaranteed loans.
Since it began operations in January 2004, the SBA Department of Tamalpais
Bank has funded $39 million in SBA backed loans, and is currently the only
lender headquartered in Marin with this PLP status.
"Now that we have PLP status in the San Francisco, Sacramento, and Fresno
Districts we are able to obtain SBA loans throughout Northern California,"
said Michael Rice, Tamalpais Bank Senior Vice President, and Small Business
Lending Manager. "We have hired two experienced in-market banking officers
to drive loan production, Jason Ehn in the North Bay Region and Terry Sharp
in the Greater Sacramento Region. We have also increased our underwriting
and processing staff in anticipation of significantly increased loan
volume. With our PLP status in the new Districts and the seasoned SBA team
at Tamalpais Bank we will be able to service small businesses over a much
wider area with improved speed and service."
The Company also announced that Mark Garwood and Kit M. Cole, Chairman and
CEO of the Company, will participate at the Sandler O'Neill Conference that
is being held at the Four Season Resort, Aviara in North San Diego, March
8-10, 2006. Mr. Garwood is scheduled to participate in the Northern
California panel discussion from 3:25 p.m. to 4:20 p.m. PST on Thursday
March 9, 2006. The Sandler O'Neill panel discussion will be available to
investors, analysts and the general public via live webcast. Those
interested in listening to the webcast should register online through the
Company's website www.epicbancorp.com or through Sandler O'Neill's website
at www.sandleroneill.com. Mr. Garwood's panel discussion will be available
on the Company's website under the investor relations webcast and
presentation link, the day of the event. The webcast will be archived for
thirty days after the event beginning March 10, 2006.
The Cohen Bros. Conference is being held at the Mandarin Oriental in New
York on March 14, 2006. Ms. Cole and Mr. Garwood are scheduled to present
from 8:00 a.m. to 9:00 a.m. EST. The presentation will be available to
investors, analysts and the general public via live webcast. Those
interested in listening to the webcast should register online through the
Company's website www.epicbancorp.com. The presentation will be available
on the Company's website under the investor relations presentation link on
Thursday, March 9th, 2006.
About Epic Bancorp
Epic Bancorp (www.epicbancorp.com), based in San Rafael, CA, is the holding
company of Tamalpais Bank and Epic Wealth Management. The Company had $462
million in assets and $313 million in deposits as of December 31, 2005. 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.
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 two 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.
About Epic Wealth Management
Epic Wealth Management specializes in helping clients of Tamalpais Bank and
other high net worth families reach their lifetime financial goals through
a collaborative, comprehensive and education-oriented approach to
investment management. Epic Wealth Management and Epic Bancorp are located
at 851 Irwin Street in San Rafael. For additional information about Epic
Wealth Management, please call 415-526-4300.
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.
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