Joe Servi joins Pinnacle Bank as Senior Vice President, Senior Relationship Manager

Rhea-AI Summary

Pinnacle Bank (OTCQB: PBNK) announced the appointment of Joe Servi as Senior Vice President, Senior Relationship Manager, effective April 20, 2022. Servi, a respected banker in the Monterey County area, previously managed a $180MM+ loan portfolio at Union Bank and exceeded loan goals at Pacific Valley Bank. His experience and community-focused approach align with Pinnacle Bank's mission to enhance services in Salinas and surrounding regions. This strategic hire aims to bolster the bank's presence in the local market.

Positive

• Joe Servi's extensive experience includes managing a $180MM+ loan portfolio and being a top producer.
• Pinnacle Bank aims to expand its footprint in Salinas and Monterey, enhancing its market presence.
• The appointment reflects a commitment to community-focused banking, aligning with the bank's service philosophy.

Negative

• None.

GILROY, Calif., April 20, 2022 /PRNewswire/ -- Pinnacle Bank (OTCQB: PBNK) headquartered in Gilroy, CA announced today that Joe Servi has joined the bank as Senior Vice President, Senior Relationship Manager.

"I am very excited to announce that Joe Servi has joined Pinnacle Bank's professional team of bankers, as Senior Vice President, Senior Relationship Manager. He is a well-known and respected banker in the Monterey County area and we look forward to working with him and continuing to expand our footprint in Salinas, Monterey and the surrounding areas," stated Tony Marandos, Regional President.

Mr. Servi joined Union Bank in 2008 as Vice President Business Client Advisor. He was responsible for maintaining a $180MM+ loan portfolio. In 2016, he joined Pacific Valley Bank in Monterey as Senior Vice President, Senior Relationship Manager where he exceeded loan goals each year and was a top producer in 2021. Joe is currently a board member of the Monterey Peninsula College Foundation, board member and treasurer of the Housing Resource Center of Monterey County, board member of the Monterey Commercial Property Owners Association and a loan committee member for Cal Coastal Small Business Development Center.

"I am excited to join Pinnacle Bank. They have become a well-known community bank in Monterey County and their banking philosophies and community minded approach work really well, with how I want to service my clients," stated Mr. Servi.

About Pinnacle Bank 

Pinnacle Bank is a full-service community business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito, and Monterey counties. The bank focuses on commercial banking services for small to medium-sized businesses, offering a variety of products and services that combine the best of personal touch with convenient technology-based client service. Pinnacle Bank has locations in Campbell, Morgan Hill, Gilroy, and Salinas. For more information, visit www.pinnacle.bank.

Media Contact: 
Pinnacle Bank 
Jeffrey D. Payne, President & CEO 
408-762-7146  

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SOURCE Pinnacle Bank

FAQ

Who has joined Pinnacle Bank as Senior Vice President?

Joe Servi has joined Pinnacle Bank as Senior Vice President, Senior Relationship Manager.

What previous positions did Joe Servi hold before joining Pinnacle Bank?

Joe Servi was previously a Vice President at Union Bank and Senior Vice President at Pacific Valley Bank.

What regions will Joe Servi help expand for Pinnacle Bank?

Joe Servi will focus on expanding Pinnacle Bank's footprint in Salinas and Monterey.

What is Pinnacle Bank's focus area?

Pinnacle Bank is dedicated to providing quality depository and credit services in Santa Clara, San Benito, and Monterey counties.