TASI® Bank Hits Milestone With $500 Million in Total Assets

San Francisco-based Business Bank Caps Decade of Growth In 1^st Quarter of 2023

SAN FRANCISCO--(BUSINESS WIRE)--TASI® Bank (www.tasi.bank) today announced that it exceeded $500 million in total assets at the end of the first quarter of 2023.

Dave Joves, TASI Bank president who joined the single-branch financial institution in 2011, attributed the growth to various factors: “We have always directed our efforts to support small and medium-sized businesses who, though successful, have found larger regional or national banks uninterested in working with them.

“As an MDI (Minority Deposit Institution) and an SBA-preferred lender, we provide access to programs that help them grow. As a maverick in the financial services industry, we aim to give them access to the funding they deserve but often find not easily available.”

TASI Bank, a division of the Bank of Guam®, continues to expand its business in Northern California, where it has operated for 40 years while expanding to serve customers in Southern California (Los Angeles, Orange, and San Diego counties).

TASI Bank is the go-to provider for customers in the commercial real estate, gas station/convenience store segment, low-cost housing, and long-term care facilities industries.

“We’ve built a solid reputation in a broad range of businesses ranging in size from $1MM to over $40MM,” Joves said. “Many of our customers are second and third-generation business owners who, despite strong financial performance, have been ignored by larger banks.

“Because we know our segments well and are committed to finding programs for customers that work for them, customers appreciate that we are thorough in our financial due diligence. We stick with them, and they stay with us.”

Joves also pointed out that when TASI Bank expanded to Southern California its first customers in that region were businesses that were already clients and were also opening new operations in the region.

About TASI Bank

TASI Bank, located in San Francisco’s Financial District, has served a broad community of business and commercial customers in the nine Bay Area counties since 1983. A maverick in community banking, it builds value for its client base by being flexible and adaptive and providing the traditional services of a bank combined with online, fintech capabilities. A division of the Bank of Guam, TASI encourages its staff to create and provide innovative products and services that meet customer needs. It defines its own success by the level of success that customers achieve. As a Minority Depository Institution (MDI) and an SBA Preferred Lender, it has the regulatory flexibility and the expertise to say, “yes,” for customers who may have been denied at other institutions.