California Bank of Commerce (CBC) has an established history of providing a broad range of commercial banking services to businesses and organizations throughout Northern California. Its deep expertise in specialty industry sectors including manufacturers, distributors and wholesalers, contractors, professional services firms, associations, nonprofits and health care organizations is evident in its customized solutions-based approach.
CBC is actively and passionately involved in supporting the communities where its bankers live and work so that everyone has an opportunity to succeed. This includes playing an important role in being the primary capital source for many small to mid-sized businesses in the East Bay. An appropriately funded business promotes a healthy, vibrant economy resulting in the retention and creation of jobs, raises the standard of living and affordability for individuals, and fosters innovation and advancement.
As of March 31, 2021, CBC’s loan portfolio totaled $1.47 billion, including the impact of PPP loans. Of this total, $498.1 million was in Commercial & Industrial loans and $573.5 million was in Commercial Real Estate loans. Conversely, CBC’s deposits totaled $1.63 billion. Approximately 46% of those deposits were in demand deposit accounts actively used by small and mid-sized businesses for the betterment of our communities.
Following its launch in early April 2020 and re-launch in January 2021, CBC has been helping business clients through the Paycheck Protection Program (PPP) and other loan programs. The bank successfully processed and received SBA approval on approximately 1,100 loan applications representing approximately $479 million of funding.
For more information about California Bank of Commerce, visit their website at www.californiabankofcommerce.com