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Ventura Community Bank to open 4Q 2012
Santa Paula Community Bank Consolidates Branches
Don Tello (805) 525-5817
Dave Brubaker: (805) 646-9909
June 20, 2012 —In a strategic move that will ultimately increase opportunities for customers throughout Ventura County, Ojai Community Bank announced today that it will be expanding into the city of Ventura and consolidating its Santa Paula Community Bank offices.
Ojai Community Bank revealed plans to open a new location on Telegraph Road in Ventura, to be called Ventura Community Bank, a division of Ojai Community Bank, in the fourth quarter of 2012. Ventura Community Bank will join Santa Paula Community Bank as divisions of Ojai Community Bank, all three serving Ventura County with each location tailored to the specific needs of the city it serves.
“Our goal is to provide specific service strategies to each community with local decision makers, current local knowledge, tailored products and local staffing. At the same time the three locations provide a convenient network of banking centers in western Ventura County,” said Dave Brubaker, a Ventura resident and President/CEO of Ojai Community Bank.
“We have learned from our customers that along with the personal service and technological conveniences we provide, they really want to know that their bank is listening to the needs of their specific business and cultural community,” he said.
“In response, we have given each of our locations the flexibility to deal with their own market and a website dedicated to their local market.”
Meanwhile, the Santa Paula Community Bank, a division of Ojai Community Bank, announced plans to consolidate its two branches in Santa Paula. Customers have been notified that effective September 14, 2012, the Santa Paula Community Bank branch located at 948 East Main Street, Santa Paula, will close and all of its accounts, including deposit accounts and loans, will be relocated to the Harvard Boulevard branch at 537 West Harvard Boulevard, Santa Paula.
“The consolidation of our Santa Paula branches is part of an overall repositioning strategy and will allow for an expansion into other areas of Ventura County,” Brubaker added. “We are sincerely honored to be a part of the Santa Paula community and are grateful for their continued support.”
Don Tello, Division President of Santa Paula Community Bank, further explained, “Because these two branches are only 1.5 miles apart, it just makes good economic sense to streamline resources. Ventura Community Bank, a division of Ojai Community Bank, will also offer a convenient banking stop for our residents who work in Ventura.”
“The consolidation will not affect the service levels or the products we provide our Santa Paula customers,” Tello said. “We know our customers well and will work with each one individually to ensure the transition is as smooth as possible. We value our community support in Santa Paula and this consolidation to the Harvard Boulevard branch provides superior parking for our customers and room for our community events such as Shred Day and our Mobile Blood Drive. We look forward to our continued long-term community relationship.”
Ojai Community Bank opened for business in March 2005. Ojai Community Bank stock is traded under the stock symbol OJCB. Investor information can be found on the Bank’s website at http://ojaicommunitybank.com.
Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions.
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