Like the tree that bears his bank's name, John Maguire is a San Diego County native. While the bank's namesake is confined to the coast, Maguire's network has grown throughout the region under his tenure as president and chief operating officer of Torrey Pines Bank.
He isn't the only executive at Torrey Pines Bank who was born and raised here.
"We probably have 30 people on our management team who are native San Diegans," said Maguire, who grew up in East County. "We bring to the table a knowledge and reverence of the local market. We sit down and take the time necessary to understand what our customers' needs are and tailor solutions that align with their business aspirations."
"What we're seeing right now in the market is a lot of construction-related opportunities. And we as a company draw from our experience in real estate, including construction financing, disbursements and timeliness of closing. We're seeing residential as well as commercial opportunities across the board in San Diego, Los Angeles, and Orange counties, as well as the Bay Area and Arizona, all of which are within the bank's footprint."
Maguire has spent his entire career in banking since he graduated from University of San Diego with a bachelor's degree in business administration. His first job was with Bank of America. "During those days, the large banks offered credit training programs, which gave us the discipline to analyze and understand a wide array of commercial credit structures," he said. He then spent 14 years at Grossmont Bank/California Bank and Trust.
He left CB&T for the opportunity to help start a new bank. Maguire managed the La Mesa office until being promoted to executive vice president in 2007 and accepted his current position in March 2009.
"As a management team, one of the things that's unique to our organization is that we've all been lenders and worked our way up to more responsibility. So while it's our responsibility to manage and grow the bank, it's also our responsibility to assist fellow employees develop and grow professionally."
Torrey Pines Bank must be living up to those expectations. Maguire noted that of the 29 people who started with the bank in the first year, 26 are still there, many with expanded roles and responsibilities.
With $2 billion in assets in California, the bank continues to grow, Maguire said, because "we've found our niche in the market. We'll finance projects that other banks don't have the expertise or capacity to handle. One example is in helping real estate owners reposition properties.
"A real estate investor buys a warehouse or a retail center that's 50 percent vacant. This client has the expertise to re-tenant that property. We on many occasions have financed those types of projects so they could reposition it, re-tenant it, build value and then either sell it or refinance it.
"When our managers and calling officers call on a customer, it doesn't matter whether that customer is in real estate or needs a line of credit for their business. The customer has one point of contact; they know who to call when the need arises. We all have areas of expertise but we're also generalists, so we do a lot to ensure our customers' needs are met.
"Our ability to create win-win solutions is our hallmark, our calling card on which we'll continue to grow our bank."