Welcome!

News Feed Item

Central California's Suncrest Bank Challenges Big Banking With Ambitious, New, Local Banking Model

By securing unlikely, world-class leadership, Suncrest Bank is poised for aggressive growth

VISALIA, Calif., March 6, 2014 /PRNewswire/ -- An international banking veteran, who has held senior roles with some of the world's biggest banks, isn't whom you might expect to have taken the reins as Chief Executive Officer of a little-known bank in California's Central Valley, but Ciaran McMullan rarely does what people expect.

First up, an aggressive "5 in 5" growth plan to take Suncrest Bank from $100 million to $500 million in assets over the next five years.

"I saw Suncrest Bank as an entrepreneurial challenge, to transform it into one of the best community banks in California, and the country," says McMullan.

McMullan's track record makes such lofty goals seem possible, having most recently designed and executed National Australia Bank's highly profitable agribusiness and community banking strategy across the Midwest.

Foundation for Growth: A New Paradigm
Despite international experience – or because of it – McMullan is passionate about America's small, local communities and their ability to drive the economy.

Since joining Suncrest last April, McMullan has completely overhauled the Bank's operating model.

"We are turning the typical banking model on its head," says McMullan. "Today customers are removed from decision-makers and get shuffled around. It's confusing and annoying, and we can do better."

Each Suncrest branch will be owned and operated by the community it services, led by a local President, and supported by a local Chairman, immersed in the communities where they live, work and lend. Working with the Board of Directors, McMullan granted stock to every single employee to further local ownership.

"Our branches are small businesses, run by local leaders with the authority to make decisions and service all your needs in one place – the way banking used to be!"

"We believe in the power of community powering communities. This is shopping local and dining local and yes – banking local. If the local economy is doing well, so will the bank. And vice versa."

Plan for Growth: Leaders, Not Lenders
The heart of the strategy is a genuine local commitment. It is not complicated, but it is unique – and some might say risky – giving control of individual branches to local branch presidents.

"We are hiring leaders – not lenders," says McMullan. "No one else is doing that."

In addition to hiring the "brightest, most talented young leaders locally," McMullan has secured some impressive external advisors. The former CEO of Rabobank NA, Ronald Block, is advising McMullan and the Board on their strategy, and the Bank recently engaged top investment banker, Sandler O'Neill, to advise regarding capital and growth plans.

The Five-Year Plan: "5 in 5"
Today, Suncrest Bank is the fastest growing Bank in its market, and the 14th fastest growing business across all sectors (Fresno Business Journal, 2014 Book of Lists). They closed 2013 at $126 million and reached $150 million in assets, just one month into 2014.

McMullan considers large, national banks – which currently claim 60 to 70% market share in most of the Central Valley – Suncrest's primary competition.

"We offer the same products and services at a lower cost and with a genuine personal touch," says McMullan. "It is better for customers to bank locally, where their money is funneled back into the community where they are living, working and raising families. Everyone wins."

About Suncrest Bank
Suncrest Bank, member FDIC, is locally owned and operated and offers a full range of business, agribusiness and personal deposit products and loans in California's Central Valley. One of the fastest growing companies in the region, the bank is regularly rated Five Stars by Bauer Financial as one of the nation's strongest financial institutions and is a Preferred Lender with the Small Business Administration. Suncrest Bank stock trades on NASDAQ's Over the Counter Bulletin Board: SBKK. To purchase stock, contact Michael Natzic or Troy Norlander at Crowell, Wheedon & Co. at 800-288-2811. To request additional shareholder information, contact Robert Moore at [email protected]. For general information, visit www.suncrestbank.com

SOURCE Suncrest Bank

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. ANSeeN are the measurement electronics maker for X-ray and Gamma-ray and Neutron measurement equipment such as spectrometers, pulse shape analyzer, and CdTe-FPD. For more information, visit http://anseen.com/.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, will discuss some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he’ll go over some of the best practices for structured team migrat...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...