Santa Cruz County Bank Announces Launch of New Asset-Based Lending Division Led by Lee Shodiss and Shelly Medina

The Bank’s Asset Based Lending Division is headed by Lee Shodisan industry veteran with 30 years of asset and innovation markets experience serving Silicon Valley and technology hubs across the country. Shelly Medina leads the Asset-Based Lending division as Chief Operating Officer.

Krista SnellingChairman and CEO, said, “We have seen firsthand the profound impact of the pandemic on the working capital needs of many businesses. Our new asset-backed lending division complements the Bank’s significant growth and ability to provide capital to businesses through specialized financing solutions. We see great opportunity, especially in the service of the high concentration of technology and innovation-driven companies in Silicon Valley. The hiring of Lee and Shelly, two recognized experts in ABL, adds to our team within the Bank Cupertino branch and positions us well to serve the market, grow our portfolio and support our existing customer relationships. »

Director of the Asset Based Lending division, Lee Shodis
Mr. Shodiss joined the Bank as Senior Vice President and Head of Asset Backed Lending (ABL) in April 2022. Mr. Shodiss’ 30-year career in the financial services industry includes expertise in technology-driven factoring, structured finance and commercial banking, including supporting emerging growth businesses to guarantee debt, provide restructurings and collateral reviews to lenders. His entrepreneurial acumen in the business sector is evidenced by the creation and expansion of three asset- and technology-based lending units totaling over $2 billion in foundations.

Mr. Shodiss founded and led the Technology and Bridge Capital Finance divisions of Bridge Bank. He served as Founder, Executive Vice President, Regional Director/Product Line Manager and was responsible for all aspects of divisional operations including sales, personnel, budgeting and credit. Mr. Shodiss held several positions at Silicon Valley Bank from 1994 to 2002, with increased responsibilities from Assistant Vice President to Senior Vice President, Co-Group Head for the Bank’s Specialty Finance Division. Early in his career as a budget analyst, cost controller at Lockheed Missiles & Space, Inc., Mr. Shodiss monitored and administered contract costs associated with defense contracts ranging from $25 million for $500 million.

Director of Operations SVP, Shelly Medina
Shelly Medina joined the Bank as Senior Vice President and ABL Operations Manager in May 2022.

Ms. Medina has 34 years of banking experience with extensive experience in asset-based lending, factoring and lending transactions with major regional and national financial institutions. She is well respected as a team leader and specialist in the field of loan documentation and commercial loan operations. Ms. Medina was the founding Chief Operating Officer of the Bridge Capital Finance Group at Bridge Bank and most recently served as Divisional Head of Loan Origination and Senior Vice President at Western Alliance Bank, where she implemented factoring and ABL platforms, drafted lending operations policies, and managed a lending documentation and operations unit as well as a factoring operations unit. Earlier in her career, she worked at Silicon Valley Bank where she held the position of Team Leader for Specialty Finance. Loan documents and operations specialist.

IN REGARDS TO SANTA CRUZ COUNTY BANK
Santa Cruz County Bank was founded in 2004. It is a premier, locally owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has branches in Aptos, Capitol, Cupertino, Monterey, santa cruz, Valley of the Scotts and Watsonville. What sets Santa Cruz County Bank apart from the “big banks” is its relationship-based service, focus on problem solving, and direct access to decision makers. The bank is one of the main lenders to the SBA in Santa Cruz County and Silicon Valley and one of the top USDA lenders in the State of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals. including business loans, lines of credit, commercial real estate financing, construction loans, agricultural loans, SBA and USDA government guaranteed loans, asset-based loans, credit cards, merchant services , remote deposit capture, mobile and online banking, bill payment and cash management. True to its community roots, the Santa Cruz County Bank has supported regional welfare by actively participating in and donating to local nonprofit organizations.

Santa Cruz County Bank shares are publicly traded on the OTCQX US Premier Market under the symbol SCZC. Orders to buy shares can be placed online, through a brokerage firm, or through market makers listed in the Investor Relations section of the bank’s website. For more information about the Santa Cruz County Bank, visit www.sccountybank.com.

Santa Cruz County Bank

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