Santa Cruz County Bank announced the future retirement of Executive Vice President and Chief Financial Officer, Vic Davis. Davis will continue to serve in his current role with the bank to support a successful transition to his successor.
Davis' over 43-year career in community banking began at County Bank and Trust in Santa Cruz, where he served as Branch Operations Supervisor and Budget Manager. For 10 years he was Chief Financial Officer of San Benito Bank in Hollister, CA. In his career, he also served as a senior level Auditor and Consultant for Bank Vision, Inc. He is a graduate of Pacific Coast Banking School in Washington and is an accredited ACH Professional and has held certifications as a professional in human resources and as a community bank internal auditor.
In his 14-year career at Santa Cruz County Bank, Davis has managed the bank's assets and liabilities, securities portfolio and Finance Department, all of which have grown in size 10-fold during his leadership. In addition, Davis led the department during the recession, through systems conversions and the merger with Lighthouse Bank and multiple, complex stock-related transactions.
Krista Snelling, President and CEO, said, "Vic has been a valued member of the bank and our executive team for over 14 years. Under his leadership, the bank has grown significantly and our accounting has also grown in complexity, which necessitates ongoing education, regulatory monitoring and evolving financial acumen. Vic's vast experience and auditing background have been instrumental to his role. He will be greatly missed by our entire team."
The bank is an SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. As a full-service bank, with assets over $1.7 billion, Santa Cruz County Bank offers lending solutions including business loans, lines of credit, commercial real estate financing, construction lending, asset-based lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management.