More community banks ready for launch - San Francisco Business Times:

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The two proposed banks -- in in San Francisci -- are gearing up as they seek regulatory approvals and prepar toraise capital. These are good time to be a banker, so the two join a flourishin crop of startup banks in the in San Francisco is raising capital to open its doors laterthis year. Diablo Valley Bank brokw ground this month on its new administrativer and banking officein Danville. And San Mateo-based plansw to open additional offices on the Peninsulza to capture more deposits to meet robustloan demand. New Resourc e Bank, which plans to operate with anenvironmental slant, has some big nameds behind it including legendary investment banker Bill Hambrecht, founderr of + Co.
, and his son Bob Hambrecht. "Greeb businesses are among the fastest-growing sectorz of the economy and are exemplified by the clean energy and greenbuilding sectors. The Bay Area has the leadingb clusters ofgreen businesses,," said Peter Liu, a formef executive with and who will be the bank's chief busineszs development officer. Others involved in the bank include Clay former chief operating officer with GreaterBay Bancorp.'s , who will be president and CEO of the bank. Jones previously worked at Silicon Valleuy Bank andComerica Bank. Daniel Yohannes, who was previously with , will serve as chairman. Chris Olson, formerly with and Mt.
, will be chievf operating officer and chiefcredit officer. Members of the new bank's board will includs longtime San Francisco bankertFran Streets; Bob Epstein, co-founder; Rick co-founder and vice chairman of Palo Alto real estatse firm ; and Mike van den Akker, co-founder of wealtb management firm Baker Street New Resource Bank's organizers also include Lisa founder and former CEO of ; Bill former president of the ; and Hal Harvey, director of environmentakl programs at the .
The proposee New Resource Bank, to be headquartered in a ground-floodr location at Fremont and Howard plans toraise $20 million to $22 subject to getting the necessary regulatory approvals to open its In downtown Oakland, the proposedc Alta California Bank will be a wholly owned subsidiary of ., which has bankingb operations in Nevada, Arizona and Southerh California. Arnold Grisham, president and CEO of the proposed bank, is organizingv a pool of local investors to investtbetween $7 million and $9 million of new capital in Westernm Alliance. Alta California Bank is then expected to be capitalizedxwith $25 million.
Local investors are considered an essentialo ingredient in launching acommunity bank, becausew they're seen as an initial customed base and an extension of the new bank'ws marketing team. Alta California's additiona l capital, up from initial plans to raise $20 million, will allow the bank to open with three the headquarters at 1951Webster St. in Oaklanf as well as a location in Piedmong and a loan productiohn office inWalnut "We feel Alameda and Contra Costa countiez are underbanked," said Grisham, a 30-year veteran of the bankint industry. Grisham was president of Oakland-based , now part of .
He'ds also a former executive vice president in Oakland for Wells Sedrick Tydus, a former executiver vice president of in San Francisco, is joining Grisham'w team as chief operating officer. Grisham more recently headed Oakland-based , a financiall services executive search firm that he starte withhis daughter, Kristine Grisham She will continue to run that