Seacoast Commerce Banc Holdings Announces Promotion of J. Douglas Thompson Jr. to Chief Risk Officer

SAN DIEGO, CA–(Marketwired – February 29, 2016) –
Seacoast Commerce Banc Holdings
(OTC PINK: SCBH) (“Company”), and its wholly owned subsidiary, Seacoast Commerce Bank (“Bank”), today announced the promotion of J. Douglas Thompson Jr. to Chief Risk Officer for both the Company and the Bank.

Mr. Thompson joined the Bank in March of 2008, and has served as Compliance Officer and Bank Secrecy Act (“BSA”) Officer since that time. During his tenure he has assisted the bank in maintaining an outstanding compliance and internal Audit program. In addition, Mr. Thompson is a member of the California Bankers Association’s Compliance Committee.

Mr. Thompson has over 35 years experience in banking with the majority of his work centered in management, operations, compliance, and risk management. Prior to joining Seacoast, Mr. Thompson worked at Pacific Western Bank, Bank of Commerce, and San Diego Trust, all in San Diego. He is a graduate of San Diego State University and holds professional certifications as a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.

Richard M. Sanborn, Seacoast’s President and Chief Executive Officer, commented, “We are extremely proud to announce Doug’s promotion to Chief Risk Officer. Doug has been very instrumental in the development of our enterprise-wide risk management program over the last several years, and he has truly implemented a “best-practices” framework. Risk management has become the most important area of regulatory concern, and we are grateful for Doug’s leadership and knowledge in this area. His promotion to Chief Risk Officer is very well deserved.” 

Seacoast Commerce Banc Holdings, and its wholly-owned subsidiary, Seacoast Commerce Bank, are headquartered in San Diego, California, with full-service branches in San Diego and Chula Vista, California, and production offices in San Diego, Orange County, Los Angeles, Sacramento and San Ramon, California; Phoenix, Arizona; Denver, Colorado; Las Vegas and Reno, Nevada; Houston and Dallas, Texas; and Seattle, Washington. For information on the bank please visit our bank website at www.sccombank.com. For more information on Seacoast Commerce Banc Holdings please visit our holding company website at www.scbholdings.com or contact Richard M. Sanborn, President and Chief Executive Officer at 858-432-7001.

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.

Contact Information:
Richard M. Sanborn
President and Chief Executive Officer
Phone: (858) 432-7001
Email: rsanborn@sccombank.com