Beach Cities Commercial Bank, which has close ties to Orange County’s medical and legal professions, announced its opening on Aug. 26 at Irvine’s Innovation Office Park.
Chief Executive H. Kent Falk and President Jeffrey Redeker said they have received regulatory approval subject to conditions of a de novo bank. Beach Cities plans to serve the banking needs of small to midsize businesses.
“Each member of our team has extensive experience in his or her area of specialty,” Falk and Redeker said in a joint statement. “Many of us have worked together at other local banks and are excited to be a team again.”
The Irvine office, which runs 6,096 square feet, is located at 100 Progress, Suite 150. A second office is scheduled to open by mid-September in Encinitas.
The bank has extended its effort to raise $25 million from Aug. 31 to Oct. 31.
The Business Journal profiled the bank in its March 14th issue.