logo
Tri Counties Bank Announces Business and Commercial Banking Expansion

Tri Counties Bank Announces Business and Commercial Banking Expansion

Yahoo2 days ago

CHICO, Calif., June 04, 2025--(BUSINESS WIRE)--Tri Counties Bank has restructured its business and commercial management teams to provide more specialized expertise and superior service for California businesses. This move strengthens Tri Counties Bank's ability to better serve businesses of all sizes with streamlined access to specialized lending, helping businesses scale faster, navigate market fluctuations, and seize growth opportunities.
The restructuring ensures businesses receive tailored financial solutions at every stage of growth:
Business Banking, for businesses between $2 million and $10 million in revenue
Commercial Banking, for businesses between $10 million and $50 million in revenue
Middle Market and Specialty Banking, for businesses with annual revenues greater than $50 million
Scott Myers, Head of Wholesale Banking at Tri Counties Bank, led the strategic reorganization of the business banking divisions, bringing more than 25 years of experience to reshape how California businesses receive financial services.
"Tri Counties Bank is uniquely positioned to serve the diverse needs of businesses of all sizes across California," Myers said. "Our goal is to continue to deliver upon our successful service model of true relationship-based banking."
This restructuring directly reflects the needs of businesses throughout California that value relationship-based banking with experts who can tailor products to fit their unique needs. Tri Counties Bank appointed senior leaders with vast experience to oversee specialized industry-focused teams:
Aytom Salomon, Managing Director of Middle Market and Specialty Banking
Lindsey Fudge, Managing Director of Middle Market Commercial Real Estate
Vanessa Ryan, Director of Public Sector Banking
Brett Lew, Director of Food and Agribusiness Banking
Businesses interested in learning more about how these new specialized services can support their financial growth can visit TriCountiesBank.com or call 1-800-982-2660.
About Tri Counties Bank
Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK), headquartered in Chico, California with corporate offices in Roseville, South San Francisco, and Bakersfield, with assets of nearly $10 billion and 50 years of financial stability. Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide. As California's Local Bank, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism and investments. Recognized by various publications as among the Top Workplaces and Best Banks, Tri Counties Bank recruits and retains diverse and talented team members. Visit TriCountiesBank.com to learn more. Member FDIC. Equal Housing Lender. NMLS #458732.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250604822725/en/
Contacts
Megan Sheehan, AVP, Public Relations ManagerMeganSheehan@tcbk.com (530) 332-2330

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break
Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break

CNBC

time18 minutes ago

  • CNBC

Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: The major averages are off their highs of the day, but holding on to early morning gains made on the back of a stronger-than-expected May nonfarm payrolls report. As discussed during the meeting , we need to be conscious of the real risks out there — like a resurgence of inflation on the back of tariffs or a need for job cuts in the auto sector due to a lack rare earth metals needed to manufacture vehicles — but it's hard to get too negative on the overall market so long as the U.S. consumer remains employed. Ultimately, there is still a lot to like about the stock market for those ready and willing to the research and focus on the fundamentals. Shares of Lululemon are under significant pressure Friday after the apparel retailer reported a better-than-expected quarter but cut its outlook for the full year due to the "dynamic macroenvironment." The news is just the latest reminder that while the economy is holding in thanks to low unemployment, consumers still feel the pressure of high prices and may look to alter shopping activity. In this case, the news bodes well for shares of Club holding TJX Companies , which provides some of the best value around when it comes to apparel and home goods. Automaker stocks are getting some relief Friday following a report from Reuters that China granted temporary export licenses to suppliers of the big three U.S. automakers ( Ford , General Motors , and Stellantis ) for rare earth materials. More IPO news: Crypto exchange Gemini unveiled plans to go public in a new confidential filing with the Securities and Exchange Commission on Friday. This comes one day after stablecoin issuer Circle 's IPO, which saw the stock advance roughly 168%. Prior to that, CoreWeave started trading on the Nasdaq in late March in the biggest venture-backed tech IPO since 2021. Next week, fintech firm Chime will debut on the exchange as well. All of this action is a good indicator that more companies will go public, according to Jim Cramer. That's great news for Club holding Goldman Sachs' crucial investment banking business. The Wall Street bank derives revenues from facilitating these kinds of deals as an underwriter or through advisory fees. It also signals a potential rebound for a key division in Goldman. M & A and IPO activity has been lackluster in recent years as macroeconomic uncertainty and the regulatory environment has kept companies on the sidelines and more conservative with capital. "After we figure out tariffs, it's going to be mergers. It's very hard to do it right now, but I think Goldman Sachs is very attractive right here," Jim said Friday. Next week: We've got Apple's WWDC event kicking off Monday, where investors will look for any signs of progress with the company's AI strategy. We've also got Nvidia's GTC event in Paris starting on Tuesday. Tesla is expected to launch it's robotaxi service in Austin, Texas, in the back half of the week. On the economic front, we'll get an update on inflation with the May consumer price index out Wednesday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Why Pony AI Inc. (PONY) Crashed On Wednesday
Why Pony AI Inc. (PONY) Crashed On Wednesday

Yahoo

time22 minutes ago

  • Yahoo

Why Pony AI Inc. (PONY) Crashed On Wednesday

We recently published a list of . In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other worst-performing stocks on Wednesday. Pony AI Inc. (NASDAQ:PONY) dropped its share prices by 5.06 percent to finish at $13.14 apiece as investors disposed of shares amid the risks of the faltering US-China trade talks and renewed calls from other states to delist Chinese firms from the stock exchanges. Following the two countries' 90-day tariff truce, US President Donald Trump expressed his frustration with China on Wednesday, saying that Chinese President Xi Jinping is 'very tough and extremely hard to make a deal with.' A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution. Trump's social media post casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including Pony AI Inc. (NASDAQ:PONY). Further triggering concerns were mounting calls from US states' comptrollers to delist Chinese companies. In a newly issued statement, Indiana Comptroller Elise Nieshalla said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards. 'As stewards of invested public funds, we have a responsibility to protect our beneficiaries from foreign entities to seek to exploit our capital markets while evading accountability,' she said. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why WeRide Inc. (WRD) Crashed On Wednesday
Why WeRide Inc. (WRD) Crashed On Wednesday

Yahoo

time22 minutes ago

  • Yahoo

Why WeRide Inc. (WRD) Crashed On Wednesday

We recently published a list of . In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other worst-performing stocks on Wednesday. WeRide Inc. (NASDAQ:WRD) saw its share prices drop by 4.63 percent to close at $9.16 apiece as investors sold off positions to mitigate risks from the escalating trade tensions between the US and China. The pessimistic sentiment came after US President Donald Trump's new social media post on Wednesday, expressing his frustration with China, saying that Chinese President Xi Jinping is 'very tough and extremely hard to make a deal with.' A pick-up and delivery truck speeding down a busy city street. The new development casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including WeRide Inc. (NASDAQ:WRD). US states' delisting calls of Chinese companies also triggered concerns. In a recently issued statement, Comptroller Elise Nieshalla of Indiana said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards. Indiana joined 20 other states in calling for the delisting of from the US stock market. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store