SAN DIEGO, March 14, 2019 (GLOBE NEWSWIRE) -- Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTC Pink: SCBH) today announced the hiring of  Rahul Barot as Senior Vice President and Small Business Administration (“SBA”) Business Development Officer.  Mr. Barot will be located in Chicago, Illinois.  He brings proven success in SBA production to Seacoast's already "best in class" SBA Division and will be helping small businesses facilitate the acquisition, development, and refinance of their commercial real estate properties.  

Rahul has over 15+ years of banking experience in a community bank environment.  He began his career in financial services in 2004 with Parth Consultants, Inc., providing SBA 7(a) packaging services for borrowers and lenders after graduating from Drexel University.  He went on to work for American Enterprise Bank for the last 12 years, serving in several roles during his tenure there.  Over the years, he has worked in closing, servicing, and business development, and for the last 8 years he was a player/coach for American Enterprise Bank managing their SBA operations and personally generating  $15 million + in annual SBA loan production.

“Rahul is an outstanding addition to our SBA Team and we are very excited to have his experience as we look to expand our business in the greater Chicago area and Illinois.  We are confident that his skills, expertise and consultative approach to helping our small business clients pursue their dreams of owning or improving their facilities will resonate positively with our clients,” stated Don Mercer, Executive Vice President, SBA National Sales Manager. Rahul can be reached by email at rbarot@sccombank.com or at (856) 313-4963.

About Seacoast Commerce Banc Holdings: Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank.  Both the holding company and the bank are headquartered in San Diego, California, with the Bank having four full-service banking branches in San Diego and Orange County, California, and loan and deposit production offices throughout Arizona, California, Colorado, Georgia, Illinois, Ohio, Oregon, Massachusetts, Nevada, Texas, Utah and Washington. 

For more information on Seacoast Commerce Banc Holdings, please visit www.scbholdings.com; to learn more about Seacoast Commerce Bank, visit www.sccombank.com, or contact Richard M. Sanborn, President and Chief Executive Officer at (858) 432-7001.

For more information on Seacoast Commerce Bank’s SBA lending platform, please contact David H. Bartram, Senior Executive Vice President, Chief Operating Officer, and SBA Division Manager at (858) 432-7002.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such “forward-looking” statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance and regulatory matters.