SAN FRANCISCO--(BUSINESS WIRE)--Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that it will be expanding to San Mateo with a new office that it plans to open in the second half of 2014.
To spearhead the effort, the Bank has hired a team of veteran bankers well known to the local community. Steve Fick, Claudia Ferguson, and Adam Baughman, highly regarded business and personal bankers, previously of Boston Private Bank (formerly Borel Private Bank & Trust Company), all recently joined Presidio Bank.
“Our expansion in San Mateo represents an exciting opportunity for the Bank to serve another important Bay Area community and is a logical next step following on the success of our office in Palo Alto,” said Presidio Bank President & CEO, Steve Heitel. “We believe our model, of client first, service-oriented business banking will fit well in San Mateo.”
Steve Fick, with multi-generational roots in the San Mateo community, worked for Boston Private / Borel Bank in various senior roles since 1993. Mr. Fick is active in many community and civic organizations on the peninsula. Claudia Ferguson is a highly accomplished personal and business banker, with deep roots in the community. Ms. Ferguson was previously with Boston Private / Borel Bank, Mid-Peninsula Bank, and Burlingame Bank & Trust. Adam Baughman is an experienced relationship-driven business banker, previously of Boston Private / Borel Bank in San Mateo. Mr. Baughman is also very active with non-profit boards and serves his community as an effective volunteer.
“We are pleased to have attracted this exceptional team of local bankers to serve the community and represent Presidio Bank in the market,” stated Clay Jones, Presidio Bank Mid-Peninsula Market President.
The San Mateo Team will be temporarily located in the Bank’s Palo Alto Office at 325 Lytton Avenue while Presidio finalizes plans for a full service office in downtown San Mateo. Contact information for the team is as follows:
About Presidio Bank
Presidio Bank provides business banking services to small and mid-size businesses, including professional service firms, real estate developers and investors, and not-for-profit organizations, and to their owners who desire personalized, responsive service with access to local decision makers. Presidio Bank offers clients the resources of a large bank combined with the personalized services of a neighborhood bank. Presidio Bank is headquartered in San Francisco, California and currently operates four banking offices in San Francisco, Walnut Creek, San Rafael and Palo Alto. More information is available at www.presidiobank.com. Presidio Bank is a member of FDIC and an Equal Housing Lender.