Pacific Coast National Bank Opens Temporary Banking Center for Fire Victims
Pacific Coast National Bank (PCNB), a community bank based in the San Diego vicinity, opened a temporary bank branch at 1735 South Mission Street in Fallbrook, Calif., enabling the bank to serve the community affected by the recent California wildfires. The branch was established utilizing ReadySuite Financial, a mobile bank branch solution from Agility Recovery Solutions. ReadySuite Financial is deployed by Agility whenever one of its banking clients experiences a disaster or business interruption.
"While our existing bank branches were unaffected by the fires, our entire community was,” said Michael Hahn, president and COO of PCNB. “We’re working with the affected residents and the businesses community to facilitate the federal disaster loan application process and help with other construction loans so our community can rebuild.”
PCNB was originally introduced to Agility through Compushare, Inc., a financial technology management company that focuses on technology performance and compliance services for community financial institutions. Upon first learning of the wildfire situation in San Diego and the risks posed to employees of PCNB, Compushare immediately dispatched a team of Disaster Recovery Specialists to quickly establish a network presence in the ReadySuite Financial branch and get PCNB operational in the temporary location.
“Our Compliance and Risk Management efforts at Compushare go far beyond developing and documenting plans to meet examiner requirements. We’re committed to the success and safety of each of our clients,” said Michael Barrack, Director of Risk and Compliance at Compushare. “We first inaugurated the ReadySuite Financial solution at PCNB knowing a practical contingency solution was needed that could be easily and quickly deployed at times of disaster. This and Agility’s proven commitment to our clients’ success has earned them the right as a trusted partner of Compushare.”
The 672-square-foot bank branch is equipped with teller counters, customer service desks, computers, satellite for phone and Internet, restroom and more. PCNB has five employees onsite, including Teri Hudson, a 25-year veteran of the Small Business Administration, the organization responsible for federal disaster loans for individuals and businesses.
“A disaster isn’t necessarily something that only affects your building or technology,” said Bob Boyd, president and CEO of Agility. “With Pacific Coast, this disaster affected its people, customers, employees and members of the Fallbrook community.”A local resident donated land for the recovery and the Office of the Comptroller of the Currency (OCC), which charters, regulates, and supervises all national banks, granted the bank a temporary charter for the ReadySuite Financial recovery.
About PCNB
Pacific Coast National Bank offers a broad range of commercial and consumer banking services, headquartered in San Clemente, Calif., with offices in San Clemente and Encinitas. Shares are offered under the symbol PCST.ob. Visit www.pacificcoastnationalbank.com.
About Compushare
Compushare, Inc., a California Corporation headquartered in Orange County, is a Financial Technology Management company that enables community financial institutions to focus on their operations, franchise value and safety. Their expertise and CIOTHiNK! business approach toward technology performance and compliance assures strategic success. Founded in 1995, Compushare provides technology services and compliance services on an outsourced basis that addresses business concerns in Strategy, Safety, Soundness and Support.
About Agility
Agility specializes in disaster recovery and business continuity for small and medium sized businesses. Within 48 hours of a disaster, Agility delivers its equipment to the recovery site and works with its clients to restore normal operations.
