Yesterday, AltaPacific Bancorp announced the opening of a new branch in Southern California. The branch is located at 9373 Haven Avenue, Rancho Cucamonga, California 91730. AltaPacific Bancorp is the parent company of AltaPacific Bank.

AltaPacific Bancorp, on May 2, 2011, announced the hiring of Russ Scranton as a Senior Vice President and Regional Manager of the Inland Empire Region. The Company also announced the promotion of Frank Basirico to the position of President, Southern California Region.

Mr. Russ Scranton commented, “It is wonderful to once again be working with Charlie Hall, the Bank’s President and CEO, as well as members of the Board of Directors, many of whom I have known for several years.”

Mr. Scranton further stated, “Charlie has been a long time friend and former business colleague. The Board of Directors and management of AltaPacific Bank have done an excellent job in growing and developing the bank during these turbulent economic times. The bank continues to be profitable, has excellent asset quality and the capital ratios are among the highest in the state. It is quite obvious that they have implemented a very successful business plan.”

Mr. Charlie Hall added, “We are very excited to launch our expansion into the Southern California market under the leadership of Frank Basirico and Russ Scranton. These are great men who serve as excellent examples of community bankers dedicated to serving the needs of the customer.”

Mr. Hall further stated, “Russ has assembled an excellent team and I know they will all be successful in attracting new business relationships.”

AltaPacific Bancorp’s AltaPacific Bank is an independent business bank headquartered in Sonoma County. The bank focuses on meeting the specialized needs of small to medium-sized businesses and professionals. Along with their full-service banking operations, the Bank’s state-of-the-art technology enables their customers to conduct Internet based banking functions. This includes bill pay, electronic statement generation and account management tasks.

AltaPacific Bancorp has their headquarters in Santa Rosa, California.

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