SANTA CRUZ, CA – May 26, 2022: Santa Cruz County Bank (OTCQX: SCZC), today announced Lee Shodiss has joined the Bank as Senior Vice President and Director of Asset-Based Lending. He leads the Bank’s newly formed Asset-Based Lending Division from the Bank’s Cupertino office at 19240 Stevens Creek Boulevard, to serve clients in Silicon Valley, the Greater Bay Area and throughout California.

Mr. Shodiss’ 30-year career in the financial services industry includes expertise in technology focused asset-based factoring, structured finance and commercial banking, and in the Asset-Based and Innovation markets serving Silicon Valley and technology centers throughout the country.

Early in his career, Mr. Shodiss served as Budget Analyst, Cost Controller at Lockheed Missiles & Space, Inc., where he monitored and administered contract costs associated with defense contracts. He served as Assistant Vice President, Senior Vice President, and Co-Group Manager for the Specialty Finance Division at Silicon Valley Bank. Mr. Shodiss founded and managed the Technology and Bridge Capital Finance Divisions at Bridge Bank. He held the position of Founder, Executive Vice President, Regional Director/Product Line Director and was responsible for all aspects of operations of the Divisions including sales, personnel, budgeting and credit. Since 2020, Mr. Shodiss has worked as an asset-based, factoring and structured finance executive and independent consultant in the Bay Area and most recently founded the Asset-Based and Innovation divisions of a national bank with headquarters in the Silicon Valley.

Commenting on his new appointment, Mr. Shodiss stated, “I am honored to join Santa Cruz County Bank to establish and lead our Asset-Based Lending Division. The addition of Asset-Based Lending will expand the Bank’s reach in the Greater Bay Area and throughout California.”

Krista Snelling, President and CEO commented, “We are excited to welcome Lee as Director of the Bank’s new Asset-Based Lending Division. Lee is well known in the Greater Bay Area for his extensive experience helping businesses. He is well versed in all facets of asset-based lending and is the perfect fit for the Bank’s expanded lending division.  We see great opportunities through the broadening of our lending product offerings.”

Mr. Shodiss obtained his Bachelor of Arts degree in Economics at the University of California, Irvine. 

Mr. Shodiss was born in Palo Alto and has lived in Cupertino for 25 years, where his office is based. He is currently a board member of Team IMPACT, Inc., and is an associate of IFA, CFA, Churchill Club and UCI Alumni. 

ABOUT SANTA CRUZ COUNTY BANK

Santa Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has branches in Aptos, Capitola, Cupertino, Monterey, Santa Cruz, Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender 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 lending, agricultural loans, SBA and USDA government guaranteed loans, asset-based lending, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations.

Santa Cruz County Bank stock is publicly traded on the OTCQX U.S. Premier marketplace under the symbol SCZC. Stock purchase orders may 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 Santa Cruz County Bank, visit www.sccountybank.com.

MEDIA CONTACTS:

Mary Anne Carson, Executive Vice President, Chief Marketing Officer

831.600.4019 | mcarson@sccountybank.com

Lee Shodiss, Senior Vice President, Director of Asset-Based Lending

408.421.9773 | lshodiss@sccountybank.com