Tri Counties Bank Expands Into Pasadena

A business bank that’s primarily operated in Northern and Central California for the past four decades has announced plans to expand into Southern California, including a location in Pasadena.

Tri Counties Bank plans to open a business lending center at 199 S. Los Robles Ave. on Aug. 1, according to bank spokesperson Meghan Sheehan.

The expansion into Southern California will also include new lending centers in Irvine and San Diego, according to Tri Counties.

“Our business lending centers offer a comprehensive suite of financial solutions that rival those offered by larger banks, but with the flexibility and superior level of service businesses deserve,” the company said in a written statement. “Our local teams of specialists have the authority to make great things happen for California businesses.”

Sheehan said the bank was looking forward to building new relationships in the region.

“Opening a new business lending center is a way to better serve businesses all over California,” Sheehan said. “Our Pasadena business lending center is specifically positioned for the bank to serve operating businesses and investor real estate clients in Pasadena, Glendale, greater Los Angeles, San Fernando Valley, as well as Ventura County.”

The L.A. area presents tremendous business opportunities for businesses, and Pasadena is an ideal hub to operate from, according to Sheehan.

“Tri Counties Bank has significant expertise in structuring commercial real estate loans of all types, including construction, multi-family, gas service stations, retail office, and industrial real estate,” she said.

“The greater Los Angeles market presents a lot of opportunities in these areas to serve new clients,” Sheehan added. “The centralized location of Pasadena, the general business climate and the real estate opportunities in this market align with the bank’s philosophy of lending to high-quality operating businesses and investor real estate clients.

“Our bankers are experts at structuring loans to meet borrowers’ needs, including solutions not thought of by the borrower. This expertise is why many large borrowing relationships have multiple different types of loans. Our bankers can do it all,” she said.

“With assets of approximately $8 billion, we have more horsepower in terms of loan size and speed to market as compared to many of our competitors,” she continued. “Relative to large banks, we can move faster within market credit and pricing decision-makers. Our relationship managers are complete bankers. We don’t put different types of lending into different silos or divisions.”

More information about Tri Counties Bank is available on the company’s website https://www.tcbk.com