Monterey County’s Only Locally Owned Community Bank Continues to Grow with the Opening of Its Fourth Branch
SALINAS, Calif. – November 19, 2025 – Pacific Valley Bank (OTC: PVBK), the only locally owned community bank headquartered in Monterey County, announces it has expanded its community banking footprint with the opening of a new full-service branch at 720 Front Street in Santa Cruz, California. The new location marks a major milestone in the bank’s continued growth and commitment to supporting local businesses and residents throughout the greater Central Coast region.
Pacific Valley Bank has built its reputation on relationship-driven service, local decision-making, and community involvement—values that align closely with Santa Cruz’s vibrant, independent economy.
“We’re excited to bring Pacific Valley Bank’s personalized approach to Santa Cruz,” said Anker Fanoe, CEO of Pacific Valley Bank. “As a truly local bank, we understand the importance of keeping decisions close to home. This expansion allows us to better serve our clients along the Central Coast while maintaining the community-first values that define us.”
The Santa Cruz branch offers a full range of commercial and personal banking services, including business loans, deposit accounts, treasury management, and digital banking solutions. The branch is led by Laurisa Martone, a lifelong Santa Cruz resident with strong community ties and an in-depth understanding of the local business landscape. Dean Austin, the branch’s Market President, will lead commercial lending for the Santa Cruz area.
“As a lifelong Santa Cruz resident, I’m thrilled to bring Pacific Valley Bank’s community-first approach to my hometown,” said Laurisa Martone.
Pacific Valley Bank also has full-service branches in Salinas, King City, and Monterey, offering comprehensive banking solutions to small and medium-sized businesses, agricultural enterprises, non-profit organizations, professional service providers, and individuals.
Sandi Eason, President of Pacific Valley Bank, states, “Having previously served as CEO of Coast Commercial Bank in Santa Cruz, I’m so happy that Pacific Valley Bank has expanded into this community. I look forward to reconnecting with local businesses and residents, and supporting the Santa Cruz economy through personalized, community-focused banking.”
Founded in 2004 by Monterey County business leaders seeking to create a truly local bank, Pacific Valley Bank has established itself as a trusted financial partner for businesses and individuals throughout the region. Area business leaders serve on its board of directors and executive team, including multiple generations of local residents in key leadership positions. This deep-rooted presence enables the bank to make informed, community-based decisions that support and strengthen the regional economy.
