What's Happening?
Beach Cities Commercial Bank, headquartered in Irvine, California, has announced the appointment of Stephanie Bitters as Senior Vice President, Specialty Lending Manager, effective March 2, 2026. The announcement was made by Thomas J. Inserra, Chief Executive
Officer, with Matt Blackmer, Executive Vice President and Chief Credit Officer, expressing enthusiasm about Bitters' expertise in SBA and government lending. Bitters brings over 40 years of experience in SBA lending, credit administration, and financial operations. Her previous roles include Executive Vice President and Chief Credit Officer at VelocitySBA and Executive Vice President and Director of SBA Lending at Umpqua Bank. In her new role, Bitters will lead the bank's specialty lending initiatives and support the growth of its SBA lending platform.
Why It's Important?
The appointment of Stephanie Bitters is significant for Beach Cities Commercial Bank as it aims to strengthen its specialty lending and SBA lending platform. Bitters' extensive experience in SBA lending and credit risk management is expected to enhance the bank's capabilities in providing comprehensive financial services to its clients. This move could potentially increase the bank's competitiveness in the commercial banking sector, particularly in the regions it serves, including Los Angeles, Orange, San Diego, and Riverside Counties. The bank's focus on expanding its lending services aligns with its strategy to support local businesses and contribute to regional economic growth.
What's Next?
With Stephanie Bitters at the helm of specialty lending, Beach Cities Commercial Bank is likely to focus on expanding its SBA lending operations. This could involve developing new lending products and services tailored to the needs of small businesses in the region. The bank may also seek to strengthen its relationships with government agencies and other financial institutions to enhance its lending capabilities. As the bank implements its growth strategy, it will be important to monitor how these changes impact its market position and customer satisfaction.
