West Coast Community Bancorp Announces Election of New Directors and Planned Retirement of Longstanding Board Director

Core Viewpoint - West Coast Community Bancorp has elected two new directors, Gunlek L. Ruder and Alexander B. Potts, to its Board, while announcing the retirement of longtime director John C. Burroughs, effective after the next annual meeting of shareholders [1]. Group 1: New Directors - Gunlek L. Ruder is the president and CEO of S. Martinelli & Company, bringing extensive experience in financial management and a background in family-operated businesses [1]. - Alexander B. Potts has 30 years of leadership experience in financial services, previously serving as CEO of Loring Ward, overseeing $37 billion in assets [1]. - Both new directors are expected to enhance the governance and strategic planning of West Coast Community Bancorp [1]. Group 2: Retirement of John C. Burroughs - John C. Burroughs has served on the Board since the 2019 merger with Lighthouse Bank and has a long history of community service [1]. - His contributions have been recognized as significant in guiding the organization through growth and industry changes [1]. - The company expresses gratitude for Burroughs' dedicated service and leadership [1]. Group 3: Company Overview - West Coast Community Bank, founded in 2004, is a full-service community bank headquartered in Santa Cruz, California, with multiple branches across the region [2]. - The bank distinguishes itself from larger institutions through relationship-based service and a focus on local community support [2]. - It is a leading SBA lender in Santa Cruz County and Silicon Valley, offering a range of competitive deposit and lending solutions [2].