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

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The two proposed banks -- in in San Franciscoi -- are gearing up as they seek regulatory approval s and prepare toraise capital. These are good times to be a so the two join a flourishinh crop of startup banks in the in San Francisco is raising capital to open its doorsa laterthis year. Diablo Valley Bank brokew ground this month on its new administrative and banking officdein Danville. And San Mateo-based plansd to open additional officeas on the Peninsula to capture more deposits to meet robust loan NewResource Bank, which plans to operatde with an environmental slant, has some big names behinx it including legendary investment banker Bill Hambrecht, founder of + Co.
, and his son Bob "Green businesses are among the fastest-growing sectors of the economyu and are exemplified by the clean energy and green building sectors. The Bay Area has the leadinv clusters ofgreen businesses,," said Peterd Liu, a former executivse with and who will be the bank's chief businesas development officer. Others involved in the bank includ eClay Jones, former chief operating officer with Greater Bay Bancorp.'s , who will be presiden t and CEO of the bank. Jones previousl worked at Silicon Valley Bank andComericq Bank. Daniel Yohannes, who was previously with , will serve as chairman. Chris Olson, formerly with and Mt.
, will be chietf operating officer and chiefcrediyt officer. Members of the new bank's boare will include longtime San Francisco bankefrFran Streets; Bob Epstein, co-founder; Rick Holmstrom, co-foundef and vice chairman of Palo Alto real estatee firm ; and Mike van den Akker, co-founder of wealth management firm Bakerf Street Advisors. New Resource Bank'zs organizers also include Lisa Gansky, founder and formetr CEO of ; Bill Wolf, former president of the ; and Hal director of environmental programs atthe .
The proposer New Resource Bank, to be headquartered in a ground-floorf location at Fremont andHoward streets, plans to raisee $20 million to $22 million, subject to getting the necessary regulatory approvalsz to open its doors. In downtown Oakland, the proposee Alta California Bank will be a whollhy owned subsidiaryof ., which has banking operations in Arizona and Southern California. Arnold Grisham, presidenyt and CEO of the proposed bank, is organizing a pool of locak investors to investbetween $7 million and $9 millionm of new capital in Wester Alliance. Alta California Bank is then expected to be capitalizedcwith $25 million.
Local investors are considered an essentia l ingredient in launching acommunity bank, because they're seen as an initiapl customer base and an extension of the new bank's marketingb team. Alta California's additionall capital, up from initiall plans to raise $20 million, will alloe the bank to open withthree offices: the headquarteres at 1951 Webster St. in Oakland as well as a location in Piedmont and a loan production officse inWalnut Creek. "We feel Alameda and Contra Costw countiesare underbanked," said Grisham, a 30-yeafr veteran of the banking industry. Grisham was president of Oakland-baseed , now part of .
He's also a formed executive vice president in Oaklandf forWells Fargo. Sedrick Tydus, a formerd executive vice president of in San isjoining Grisham's team as chief operatingg officer. Grisham more recently headed Oakland-baser , a financial services executive search firm that he startef withhis daughter, Kristiner Grisham Halliman. She will continue to run that