SACRAMENTO, Calif., Feb. 19, 2019 /PRNewswire-PRWeb/ -- River City Bank is expanding its presence in the Bay Area with the establishment of a new office in the Financial District of San Francisco. This new location provides commercial banking and project finance services, and houses the Bank's Clean Energy Division focused on servicing Community Choice Aggregation (CCA) clients, expanding relationships with other players in the clean energy space, and supporting California's climate action goals. This addition marks the second Bay Area location for River City Bank, which opened a commercial banking office in Walnut Creek in 2015.
"After hitting a record number in assets and creating our new Clean Energy Division, we're excited to open a second commercial banking office in the Bay Area," said Steve Fleming, President and CEO of River City Bank. "The new office is a key component of our strategy to expand our focus and presence throughout California."
The expansion is a natural progression of the bank's shift from being primarily a Sacramento-centric consumer oriented bank to focusing on commercial banking throughout California, and it comes after a series of significant milestones. In 2018, River City Bank grew to more than $2.2 billion in assets and launched the new Clean Energy Division under the leadership of Rosa Hilmarsdottir Cucicea, Vice President & Clean Energy Division Manager.
The Bank has taken a bold lead in the clean energy space, supporting CCA clients throughout California with their depository, cash management, and lending needs. Notable clients include Valley Clean Energy in Yolo County, Clean Power Alliance of Southern California, Marin Clean Energy, Silicon Valley Clean Energy, Monterey Bay Community Power and East Bay Community Energy. River City Bank provides CCA clients with custom-tailored solutions spanning start-up capital, lines of credit, renewable energy project financing and custodian "lockbox" accounts.
The new office is located at 201 Mission Rd. Suite 1300 in San Francisco, and can be reached at 415-293-4200. For more information on River City Bank, visit http://www.rivercitybank.com.
About River City Bank
Named one of Sacramento Business Journal's "50 Fastest Growing Companies" for each of the past two years, River City Bank has grown its assets to over $2.2 billion as it pursues its mission to be the premier business bank in California. River City Bank offers a comprehensive suite of banking services, including loans, deposits and cash management tools to the business, consumer and commercial real estate sectors. With tailored, executive-level service and a Five Star "Superior" financial rating from the nation's leading independent bank-rating firm, Bauer Financial, River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned bank in the Sacramento region with offices in the San Francisco Bay Area and a presence in Southern California. For additional information, please visit http://www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.
SOURCE River City Bank
Share this article