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RESPECTED INDUSTRY VET, ELOY ORTEGA, TO LEAD NEW
Santa Barbara Community Bank launches as new division of
Ojai Community Bank
Ventura and Santa Barbara Counties, CA - Santa Barbara veteran banker, Eloy Ortega, announced that he has joined Ojai Community Bank to jump back into the local financial market with a new community-focused bank division. Ortega, in conjunction with Ojai Community Bank, will create a new division named Santa Barbara Community Bank. Ortega will be the Santa Barbara market President.
“The Ojai match is excellent” commented Ortega, “Their approach to relationship lending and community support is perfect for Santa Barbara”.
“All of us at Ojai Community Bank are very excited to have the opportunity to partner with Eloy in this effort; we believe that our history of supporting local businesses in our other markets demonstrates our commitment to the markets that we serve,” stated Dave Brubaker, President and CEO of Ojai Community Bank. “With Eloy’s strong community involvement and market presence that has developed over his 23 years of banking in the Santa Barbara market, we are confident that this endeavor will be beneficial to Santa Barbara businesses and our shareholders alike.”
Ortega recently left his CEO position with The Bank of Santa Barbara in May. Ortega’s history in Santa Barbara spans over two decades, starting with City Commerce Bank in 1991. He became CFO of City Commerce in 1993 and President and CEO in 1998 where he served until Mid-State Bank acquired the bank in late 1999. Ortega then was the founding President and CEO of Business First National Bank that opened for business in January of 2001 and in 2006 was recruited to create Promerica Bank, the first Latino-owned bank to start in Los Angeles in over 30 years. Ortega then returned to Santa Barbara and together with a group of local philanthropists acquired Bank of Santa Barbara in 2009.
Ortega has a long history of community involvement focused primarily on youth and education, including United Boys and Girls Club, Teddy Bear Cancer Foundation, CALM, The Foundation for Santa Barbara City College, The Children’s Museum, and the Santa Barbara Zoo. He is a past president of the Santa Barbara Regional Chamber of Commerce and has been recognized by numerous organizations through awards including the South Coast Business and Technology award as Executive of the Year and the Achievement Award from the Santa Barbara Hispanic Achievement Council.
Ojai Community Bank is headquartered in Ojai and has two other divisions under the names of Santa Paula Community Bank, and Ventura Community Bank. Ojai Community Bank started in 2005 and has received the Best Bank of Ojai award ever since the category started 4 years ago. The Bank has approximately $154 million in assets and $16 million in capital.
About Ojai Community Bank
Ojai Community Bank is a wholly owned subsidiary of OCB Bancorp, a locally owned and operated holding company, which was formed in September 2013 as the parent company of Ojai Community Bank. Ojai Community Bank offers a full array of banking products and services to businesses, professionals, individuals and commercial property owners. The Bank is dedicated to providing exceptional personal service and access to banking decision makers. The stock is publically available under the symbol OJCB.
This release includes forward-looking information, which is subject to the “safe harbor” created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act and the Private Securities Litigation Reform Act of 1995. When the Bank uses or incorporates by reference in this release the words “anticipate,” “estimate,” “expect,” “project,” “intend,” “commit,” “believe,” and similar expressions, the Company intends to identify forward-looking statements. Our actual results may differ materially from those projected in any forward-looking statements, as they will depend on many factors about which we are unsure, including many factors that are beyond our control.
This statement has not been reviewed, or confirmed for accuracy or relevance by the Federal Deposit Insurance Corporation.
President & CEO, Ojai Community Bank
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