FREMONT, Calif.--(BUSINESS WIRE)--Pan Pacific Bank (OTCBB:PPFC) today announced that well-known and respected bank executive Richard “Dick” Hagarty recently joined the Bank as Executive Vice President and Chief Credit Officer. Mr. Hagarty brings nearly 40 years of experience to the Bay Area community banking industry.
Pan Pacific Bank is a Bay Area business bank with locations in downtown San Jose and Fremont. Founded in 2005, the bank serves small and mid-sized businesses across the region and has recorded 11 consecutive quarters of profitability.
Pan Pacific Bank CEO Wayne Doiguchi said: “Dick Hagarty has been a well-respected member of the South Bay banking community for many years. His expertise in credit, community banking, community lending, loans and banking make him the ideal credit officer for our bank as we execute our strategic vision, which includes expanding our footprint and customer relationships. We are very pleased to welcome him to Pan Pacific Bank.”
Throughout his career, Mr. Hagarty has served as Executive Vice President and Chief Credit Officer at Liberty Bank and Heritage Bank of Commerce, and also as Director of Credit Administration for Fremont Bank. He graduated from the University of San Francisco.
“It’s a pleasure to join Pan Pacific Bank during a period of expansion and growth,” said Mr. Hagarty. “I look forward to the opportunity to help Wayne and his team reach new levels of success.”
About Pan Pacific Bank
Founded in 2005 with locations in downtown San Jose and Fremont, Pan Pacific Bank is a Bay Area business bank serving small and mid-sized businesses across the region. We provide an unparalleled banking experience delivered by a knowledgeable, accomplished executive team with deep local roots and extensive banking experience. We help our clients expertly navigate changing financial landscapes and market conditions.
Pan Pacific Bank is also an approved SBA/USDA lender. For more information, please visit: www.panpacificbank.com.
Forward-Looking Statements
This release may contain forward-looking statements, such as, among others, statements about plans, expectations and goals concerning growth and improvement. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include, but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in our primary service area and more generally in California and other factors beyond the Bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. Pan Pacific Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
