CHULA VISTA, CA--(Marketwire - Mar 15, 2012) - Seacoast Commerce Bank (OTCBB: [ SCCB ]) today announced the opening of its ninth Small Business Administration ("SBA") Loan Production Office, located in Salt Lake City, Utah, and the hiring of Eric Wadley, Vice President, SBA Business Development Officer, to manage the new office. Mr. Wadley has over 17 years of banking experience, predominately in the SBA lending industry, all in Salt Lake City. Mr. Wadley is a lifetime resident of Utah and a graduate of the University of Utah

"Eric is a great addition to our SBA Team and provides the bank an entrance into the Utah market. Eric has been an advocate for small business throughout his career and has been a solid producer of SBA loans, specifically for the small business owner that wants to buy, construct, or expand their own facility," stated David H. Bartram, Executive Vice President and SBA Division Manager.

Seacoast Commerce Bank is a business bank operating in San Diego, California, with loan production offices in San Diego County, Orange County, Los Angeles, San Ramon and Sacramento, California; Bellevue, Washington; Phoenix, Arizona; Salt Lake City, Utah; Las Vegas, Nevada and Dallas, Texas. For more information on the bank please visit our website at [ www.sccombank.com ] or contact Richard M. Sanborn, President and Chief Executive Officer at 619-409-5762. For more information on Seacoast Commerce Bank's SBA lending platform, please visit [ www.sbaconnect.com ], or contact David H. Bartram, Executive Vice President and SBA Division Manager at 760-796-5544.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such "forward-looking" statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and regulatory matters.