Press Releases

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2009 NEWS

September 28, 2009

Ojai Community Bank Names Martin Pops New Director

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OJAI, CALIF.—Dr. Martin Pops of Ojai has been elected to the Board of Directors of Ojai Community Bank, effective September 17, 2009. The announcement of Dr. Pops’ election was provided by Donald Scanlin, Chairman of the Board of Directors of the Bank.

“With the acquisition of two branches of Santa Paula Community Bank, and the growth and success of Ojai Community Bank, our Organization now has more than $112 million in total assets and it is time to expand our Board” said Scanlin. “We are very pleased to announce that Dr. Pops has accepted a Directorship with the Bank, and look forward to the significant experience he will add to our Board.”

Dr. Pops, a sixteen year resident of Ojai, brings with him substantial Board experience and commitment to community service. He and his wife, Barbara, are parents of three grown children, and they have become active members of this community. His very successful medical career includes a BS from UCLA, an MD from University of Chicago, a Residency in Internal Medicine and a Fellowship in Gastroenterology, both at the UCLA Medical Center. He has held positions as Professor of Medicine, Dean of Students, and Chairman of the Committee on Admissions of the UCLA Medical School. He is currently Emeritus Professor of Medicine and has published a substantial body of work.

Currently the Chairman of the Community Memorial Health System Board of Trustees, Dr. Pops has served on numerous Boards, including the Ojai Community Hospital, the UCLA Medical Center Board of Advisors, the Ojai Tennis Tournament, and the Ojai Rotary Club, as President.

“With the Board experience Marty brings, our Board looks forward to the addition of this talented member of our community” said Scanlin. “During the years the Pops have been in Ojai, they have become very involved in community affairs through the association with the Hospital, the Tennis Tournament, and Rotary. We are confident that Dr. Pops shares the vision of our Board to build community banks dedicated to serving the local area, providing quality financial services at a low cost, and contributing to the local economy.”

Mr. Scanlin added that in the future, the Board expects to add to the current Board by seeking additional membership from Santa Paula, and any other communities where the Bank might expand in the future.

Ojai Community Bank is a publicly traded company, traded under the symbol OJCB on the Over the Counter Bulletin Board (www.otcbb.com). Located at 402 W. Ojai Avenue, the Bank was created from a locally generated capital offering, and is primarily owned by Ojai Valley investors. Member FDIC.

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2008 Press Releases

October 1, 2008

Don Tello Accepts Position at Ojai Community Bank

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SANTA PAULA, CALIF.—Ojai Community Bank (OCB) today announced that Don Tello of Santa Paula has accepted the position of Division President of Ojai Community Bank (SPCB), . The new bank will officially open its doors on Monday, October 27, 2008.

A life-long resident of the Santa Clara Valley, Mr. Tello began his distinguished banking career in 1985. He has spent the last 12 years with Santa Barbara Bank & Trust where he served as Vice President, Manager and Relationship Manager and managed a portfolio of consumer and business relationships.

“We are very pleased to have Don joining our management team,” said Donald Scanlin, Chairman of the Board of Ojai Community Bank. “His strong banking background and his commitment to volunteering in the community will be valuable assets as we work to serve the residents and businesses of Santa Paula.”

Tello brings to Ojai Community Bank a broad knowledge of banking, with expertise in business and consumer banking. Prior to working with Santa Barbara Bank &Trust, he was with Bank of A. Levy, First Interstate Bank, Wells Fargo Bank and Citizens State Bank of Santa Paula.

He has been active in community affairs in the Santa Clara Valley for many years. He has volunteered as a board member with organizations such as Rancho Camulos Museum, Ventura County Leadership Academy, Ventura County Revolving Loan Fund and Santa Paula Chamber of Commerce. Tello is a Fillmore High School business advisory member, a past president of the Santa Clara Valley Boys & Girls Club and past advisory board member of Women’s Economic Ventures of Ventura County. He has been a Rotarian since 1993.

Ojai Community Bank also announced that all of the current staff at the two Santa Barbara Bank and Trust offices will continue to serve the customers of Ojai Community Bank. The banks entered into a definitive agreement for the purchase of the branches in July, and the sale’s completion is expected in the fourth quarter of 2008. 

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July 11, 2008

Ojai Community Bank to Acquire Two Santa Paula Branches

OJAI, CALIF.—Ojai Community Bank announced today that it has signed a definitive agreement with Pacific Capital Bancorp, parent company of the Santa Barbara Bank & Trust brand, to purchase two retail branches located in Santa Paula. The offices are located at 948 E. Main Street and 537 W. Harvard Blvd.

Following the approval of regulators and the shareholders of Ojai Community Bank, the transaction is expected to close in the fourth quarter 2008. Terms of the agreement were not disclosed.

"We are very pleased at this opportunity to expand our presence into the Santa Paula community, which perfectly aligns with our growth strategy of creating very small, local banks tied closely to their communities," said Donald Scanlin, Chairman of the Board of Ojai Community Bank. "Since we opened in 2005, we have demonstrated our ability as a local leader in community banking, and we are ready to expand that successful business model into the Santa Paula market. Our bank is a dedicated community partner with a demonstrated commitment to assisting local economic development and a wide range of nonprofit and civic organizations. We are looking forward to making that same contribution in Santa Paula."

"We plan to operate both branches under the name Ojai Community Bank" said Shari Skinner, Ojai Community Bank President & CEO. "Customers of both offices will continue to be served by the same employees who will join our team at the time the transaction is final. We will provide the full range of consumers and small businesses with the very personal customer service that has defined Ojai Community Bank. We are very excited about this opportunity and believe that it is a very positive move, both for our bank and for our new friends and neighbors in Santa Paula."

Ojai Community Bank is a full service, member FDIC, state chartered bank, located at 402 W. Ojai Avenue, Ojai, California, (805) 646-9909, www.ojaicommunitybank.com.

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May 24, 2008

Ojai Community Bank Elects Donald Scanlin Chairman of the Board

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OJAI, CALIF.—Ojai Community Bank, headquartered in the Ojai Valley, announced today that Donald Scanlin was elected to serve as Chairman of the Board of Directors following its annual shareholders meeting held on May 24, 2008. Mr. Scanlin replaces John Russell who will move to the Vice Chairman position.

Mr. Russell commented that, “Don is a very knowledgeable real estate investor who has lived in Ojai with his wife Ann since 1979. His deep business experience together with his sensitivity to local needs will serve both the bank and our community well. We are very pleased to have Don at the helm and look forward to continued success and growth under his leadership.”

Russell served as Chairman of the Board during the initial planning stages of the bank through its first three years of operation. “We are very grateful for the dedication and strong leadership that John Russell has provided. His broad business knowledge and strong commitment to the creation of a community focused bank were major contributions to our success” said Shari Skinner, President and CEO.

Scanlin is a Ventura County native and holds both graduate and under-graduate degrees from the University of California. Originally trained as a petroleum geologist, he has focused his professional efforts primarily on real estate investing for over 30 years. He and his wife Ann have two children, both of which are graduates of Ojai schools and four grandchildren. Serving the community through membership in the Ojai Rotary Club for over 25 years, he has also been very active in many other local causes and organizations.

“Change is good” commented John Russell. “The bank has been a joy to help create during the past four years. However, much of the credit for our success to date must go to the knowledgeable and hard working team of employees who have made it happen. They are amazingly dedicated and talented and I am very proud to be associated with such a great group of people.”

The Ojai Community Bank recently celebrated its third anniversary as part of its annual shareholder meeting held at bank headquarters located a 402 West Ojai Avenue in Ojai. During that meeting, President Skinner presented an overview of the banks condition and invited questions and comments from the shareholders in attendance.

From its inception, Ojai Community Bank was designed to support and serve the local community. Since its opening three years ago, the bank has increased its assets nearly five fold to a benchmark of $50 million in March, 2008. Ojai Community Bank common shares are publicly traded on the over-the-counter bulletin board market under the symbol OJCB. Its web site is www.ojaicommunitybank.com.

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May 2, 2008

Ojai Community Bank's Charitable Giving Program is a huge success!!!

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OJAI, CALIF.—For the third year, Ojai Community Bank is proud to contribute to local non profit organizations. Pictured here, Shari Skinner, President/CEO, presents checks to Don Buffon of the Humane Society, and J.R. Jones of Help of Ojai, the two top recipients of the "Charitable Giving Campaign" for the 1st quarter of 2008.

When a customer opens an account with Ojai Community Bank, the Bank donates $25.00 to their favorite local charity.

This year, our goal is to donate more time and more money than last year, and last year we donated over 10% of our operating earnings. As the only locally owned bank in the area, Ojai Community Bank is committed to supporting local non profits and their efforts to enhance the lives of residents.

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