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Article: Urban Bay Area bank finds cheap funding amid the redwoods.(Liberty Bank of South San Francisco, California)
- Article from:
- American Banker
- Article date:
- May 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At first glance, this sleepy hamlet - home to towering redwoods and aging Grateful Dead fans - doesn't appear a good fit for a bank with roots in South San Francisco.
South San Francisco, 70 miles north of Ben Lomond, is an utterly urban area. Home to San Francisco International Airport, it has a population of more than 54,000, and its nickname, "the Industrial City," leaves little doubt about its character.
But Liberty Bank, which is based there, chose Ben Lomond (pronounced Ben Loh- mend) for its third office, reinforcing one of the weirder pairings in Northern California community banking.
The Ben Lomond branch of $81 million-asset Liberty Bank will ...