Folsom's Sierra Vista Bank plans third branch in Fair Oaks

Published: Wednesday, Apr. 16, 2014 - 11:31 am

Folsom-based Sierra Vista Bank said Wednesday that it plans to open a third full-service banking branch in Fair Oaks.

Subject to regulatory approval, the bank said it expects to open at 10123 Fair Oaks Blvd. in July.

The bank opened its Folsom branch in March 2007 and added a second branch in Cameron Park in November 2008.

“The bank has positioned itself for market expansion, and we look forward to the opportunity to become a part of the Fair Oaks community,” said Gary Gall, Sierra Vista’s president and CEO.

In 2013, Sierra Vista had its best year since its 2007 opening. Net income totaled $4.69 million, or $1.25 a share. Total assets grew $23 million to $101.7 million year over year, and deposits grew $17.6 million in 2013 to $83.6 million.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

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