Seacoast Commerce Bank Announces the Hiring of Eric LaPrad SVP and SBA Business Development Officer, Columbus, OH

Company Release - 11/5/2018 9:00 AM ET

SAN DIEGO, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTC Pink: SCBH) today announced the hiring of Eric LaPrad as Senior Vice President and Small Business Administration (“SBA”) Business Development Officer. Mr. LaPrad will be located in Columbus, Ohio.  He brings proven success in SBA production, specifically in the dental and medical industries, to Seacoast's already "best in class" SBA Division and will be helping medical professionals facilitate the acquisition, development, and refinance of their commercial real estate properties.  

Mr. LaPrad has over 14+ years of banking experience with regional and national lenders and establishing his own consulting firm serving dentists.  He began his career in banking in 2004 with MBNA Practice Solutions after attending Ohio State University.  Mr. LaPrad went on to work for Bank of America for 12 years, serving in several roles after the bank bought MBNA.  Over the years, he has managed BofA’s Practice Finance Commercial Real Estate department, created and managed their Practice Banking/Client Manager department, and served as a Regional Sales Manager (RSM) responsible for managing a multi state region in the Midwest/Mid Atlantic.  During his time as an RSM, he set up over 500 dental offices and grew the Mid South territory to one of the top performing regions in the group. 

After leaving BofA, Mr. LaPrad started his own financial consulting firm providing dentists with tailored financial solutions for commercial real estate; purchase, refinance & construction; 1st time practice owner financing; practice sale and acquisitions; equipment loans; and working capital.  He positioned his firm for success, establishing a nationwide network of referral sources solely dedicated to the dental industry, signing over 56 formal referral agreements with national and regional SBA lenders and culminating in a sale of his firm earlier this year.

“Eric is an outstanding addition to our SBA Team.  We are very excited to have his deep and varied experience as we look to expand our business in the dental and medical industries and are confident that his skills, expertise and consultative approach to helping our medical professional clients pursue their dreams of growing their practices and owning their facilities will resonate positively with our clients,” stated Don Mercer, Executive Vice President, SBA National Sales Manager.  Eric can be reached by email at elaprad@sccombank.com or at (484) 506-1490.

About Seacoast Commerce Banc Holdings: Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank, which also operates as Capital Bank, a division of 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, Minnesota, Missouri, 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.

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Source: Seacoast Commerce Banc Holdings