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When is it time to change banks?

When it comes to business banking, sometimes it's difficult to know what you're missing. It is a common misperception that one bank is as good as the next, but it is not the case when it comes to a business banker. The right banker can help create and find significant opportunities for a growing business. People - and the expertise and services they provide - make a tremendous difference. San Diego is blessed with a wide variety of financial institutions for seemingly every business banking need. The dilemma for many business owners and managers is how to decide if a community business bank or a national bank is the right choice. When it comes to business banking, bigger is not necessarily better, and the questions that follow will help you make the right choice for your business. Are you feeling lost at a large bank? The complaint of many businesses with revenue between $1 million and $50 million is that they can be lost in the shuffle at a larger multistate bank. Large businesses with hundreds of millions in revenue, a seven- or eight-figure credit line and deposits at a similar level get personal service at whatever bank they choose. However, for small- to medium-sized businesses, a community bank will provide the personalized attention that larger businesses enjoy at national banks. Does your banker understand you and your business? A seasoned community banker will take the time to understand your business and find value and opportunity that you may not have noticed. If your business needs are growing or are already "outside the box," it is critical to your success to have a personal relationship with a banker who can serve as your advocate within the bank and who is also available to consult with you about bank services, credit and other business issues. Is your banker empowered to make quick decisions for you? Often, a quick decision regarding a loan or line of credit is crucial. At a large national bank, individuals sitting in offices, sometimes thousands of miles away from the local market frequently make credit decisions. Conversely, in local community banks, bankers who thoroughly understand the local business climate work closely with their business clients to provide a high level of responsiveness. A great business bank Interested in finding out more about community banks? 1st Pacific Bank of California has skilled bankers who will provide you with detailed information and get you set up with the loan and deposit services that you and your business need. At 1st Pacific Bank, our only mission is to build relationships that create significant results for our clients. 1st Pacific Bank is locally owned and operated, a member of FDIC and an Equal Housing Lender. People. Relationships. Results. To learn more about 1st Pacific Bank, call Katherine Willey, senior vice president and regional manager, at (858) 875-2081 or visit www.1stpacbank.com.

Submitted by 1st Pacific Bank of California

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