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Press Release
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Wholesale Account Manager for Small Business Lending San Rafael, CA - May 24, 2006 - Tamalpais Bank today announced that Tory Ponsford had been named Wholesale Account Manager for small business lending for Northern California. In his new position, he will work directly with referral sources, including mortgage brokers, to provide Small Business Administration SBA 7(a) and 504 loans in the territory from Mendocino County in the north and to Monterey County in the south. A 10-year banking veteran, Ponsford joined Tamalpais Bank in 2004 as a vice president and senior SBA loan underwriter. From his office at 630 Las Gallinas Avenue in San Rafael, Ponsford will provide the full range of commercial real estate and SBA loans to customers who will be able to take advantage of the Preferred Lender Program (PLP) status granted Tamalpais Bank by the U.S. Small Business Administration (SBA). The status, awarded to only a limited number of financial institutions, allows Tamalpais Bank to streamline the processes involved in securing financial assistance for small businesses. “Our preferred loan status,” said Ponsford, “ensures that we can process, close and service SBA loans more quickly, helping local businesses obtain financing for operations and growth.” Ponsford has previously held management positions at Sonoma National Bank and TMC Development Corp. About Tamalpais Bank Tamalpais Bank, a wholly owned subsidiary of Epic Bancorp, operates six branches in Marin County and has announced plans to open a seventh in Tiburon in 2006. Tamalpais also has two loan production offices (in Sacramento and in Santa Rosa). The branches are located in Corte Madera, Greenbrae, Mill Valley, San Anselmo, San Rafael and Terra Linda. A seventh branch, located in Tiburon, will open during the summer of 2006. About Epic Bancorp Epic Bancorp (www.epicbancorp.com), based in San Rafael, is the holding company of Tamalpais Bank and Epic Wealth Management. The Company had total assets of $470 million and total deposits of $326 million as of March 31, 2006. In 2005, Epic was named one of only 38 financial institutions in the United States to receive the prestigious "Sm-All-Star" ranking by Sandler O'Neill & Partners LLP, a New York-based, full service investment-banking firm serving the financial industry. For additional information, please contact Mark Garwood at 415-526-6400. This news release contains forward-looking statements with respect to the financial condition, results of operation and business of Epic Bancorp and its subsidiaries. These include, but are not limited to, statements that relate to or are dependent on estimates or assumptions relating to the prospects of loan growth, credit quality, changes in securities or financial markets, and certain operating efficiencies resulting from the operations of Tamalpais Bank and Epic Wealth Management. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressure among financial services companies increases significantly; (2) changes in the interest rate environment reduce interest margins; (3) general economic conditions, internationally, nationally or in the State of California are less favorable than expected; (4) legislation or regulatory requirements or changes adversely affect the businesses in which the consolidated organization is or will be engaged; (5) the ability to satisfy the requirements of the Sarbanes-Oxley Act and other regulations governing internal controls; (6) volatility or significant changes in the equity and bond markets which can affect overall growth and profitability or our wealth management business; and (7) other risks detailed in the Epic Bancorp filings with the Securities and Exchange Commission. When relying on forward-looking statements to make decisions with respect to Epic Bancorp, investors and others are cautioned to consider these and other risks and uncertainties. Epic Bancorp disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. Contact: |