At the start of 2007, Napa Community Bank was poised to capitalize on business opportunities — and capitalize we did! The city of Napa is experiencing a renaissance with unprecedented development in the downtown area, which sits at the southern end of the world-renowned Napa Valley. Among the most exciting projects in the downtown “Oxbow” district are two new luxury hotels — the Ritz-Carlton and the Westin Verasa. Another exciting project is the Oxbow Public Market.
| The city of Napa is experiencing a renaissance with unprecedented development in the downtown area… |
We first met with the principals behind the Oxbow Public Market project in November 2005. From our first meeting we were determined to be part of this exciting retail project, which brings together purveyors of artisan foods, fine wines, locally-grown fresh produce, teas and other goods in a marketplace setting. In spite of hefty competition, we were able to secure the lead financing for the project and to help make it a reality this year. The principals have become great ambassadors for Napa Community Bank and have agreed to appear in one of our client testimonial ads in the local newspaper in early 2008.
Oxbow principal Bart Rhoades had this to say about our bank: “Napa Community Bank has been an indispensable partner in the Oxbow Market project, providing not only financing but also timely advice and insights. We couldn’t be happier with our relationship.”
This is one of many examples of how Napa Community Bank is living up to the company’s core value of entrepreneurship. We are proud to contribute to the economic vitality of the community. We not only create jobs as an employer, but we create jobs by providing financial services, which help local businesses grow and prosper.
As happy as we are with our growth and success in 2007, the management, staff and board of directors at Napa Community Bank are excited to build our bank with the support of Capitol Bancorp and play a growing role in the emergence of our corner of the country.
— Dennis J. Pedisich, President & CEO