TORREY PINES BANK PLEDGES $50,000 TO SAN DIEGO SYMPHONY
Torrey Pines Bank supports San Diego Symphony with Centennial Capital Campaign pledge, sponsorship of summer event, and specialized banking services for arts organizations
San Diego CA, July 7, 2010 - Torrey Pines Bank, a leading, local commercial bank with offices throughout San Diego County, Los Angeles and The Bay Area, and an affiliate of Western Alliance Bancorporation, today announced that it has pledged $50,000 to the San Diego Symphony, as part of the Symphony’s Centennial Capital Campaign. The bank was also a recent sponsor of the San Diego Symphony’s "kick-off" celebration for the Summer Pops, The Fourth Annual Tux & Tennies Summer Bash held on June 25th at Embarcadero Marina Park South, with Guest Artist Creedence Clearwater Revisited.
As a long-standing business banking customer with Torrey Pines Bank, the San Diego Symphony takes advantage of the bank’s specialized business banking services that support the arts, including guidance and advice that help the Symphony efficiently collect receivables, manage payables, monitor account activity, and invest excess funds, while minimizing fees and interest paid. In addition, Torrey Pines Bank affiliate, Miller Russell Investment Advisors provides investment-advising services for the Symphony musicians' pension plan.
“Torrey Pines Bank is a big supporter of local not-for-profits in the arts, as can be seen with our financial and business banking support of the San Diego Symphony. At Torrey Pines Bank, we are devoted to managing and addressing the needs of these organizations and helping them to succeed for the benefit of all community members,” said Gary Cady, CEO of Torrey Pines Bank.
Torrey Pines Bank maintains a strong stance in giving back to the local community, donating over $1 million to charitable causes since its inception. Its employees contribute hundreds of hours of volunteer services under the bank’s corporate philanthropy and volunteer program for its customers. In addition to Torrey Pines’ backing of the San Diego Symphony, the local banking leader supports the San Diego Opera and the Old Globe Theatre, where Bank Executive, Crystal Watkins, has served on the Board for the past five years.
”Torrey Pines Bank has proven to be a perfect business partner for the San Diego Symphony. They anticipate our needs, advise on our issues, and are able to react quickly based on their leadership here in San Diego,” said Seth Goldman, San Diego Symphony CFO.
Torrey Pines Bank, which started with $20 million in initial capital and a single office with seven employees in 2003, has grown to $1.6 billion in assets and 11 offices as of March 31, 2011. It has been ranked San Diego County’s number one community bank SBA 504 lender for six consecutive years. With the support of its holding company, Western Alliance Bancorporation, Torrey Pines Bank can offer clients up to three times the FDIC insurance on accounts and commercial real estate loans three to five times higher than at other community banks. Not-for-profit customers can benefit from the bank’s program for not-for-profit organizations including higher yields and unlimited FDIC insurance on deposit account types. Torrey Pines Bank was a recipient of the Peak Performance Award presented by National University School of Business (2008). The bank was also named Most Admired San Diego Company by SDMetro and Development Partner of the Year by the San Diego Housing Federation earlier this year.
About San Diego Symphony
San Diego Symphony, founded in 1910, has just concluded celebrating its centennial season. As the oldest symphony in California, it takes great pride in offering a variety of music series including its Jacobs' Masterwoks which this year hosted world renowned cellist Yo-Yo Ma, pianist Lang Lang and flutist Sir James Galway. Last week on July 1, the Symphony opened its popular Summer Pops Series that runs for 10 weeks and will feature guest artists Michael Feinstein, Burt Bacharach and Wynonna and Academy Award-winning composer, Tan Dun. San Diego Symphony also serves more than 53,000 students through its education and outreach program.
About Torrey Pines Bank
Torrey Pines Bank is a California-chartered commercial bank, providing commercial and financial services to closely held businesses, and personal banking services to proprietors, employees, executives and consumers desiring a personal banking relationship. Information about products and services offered by Torrey Pines Bank is available at www.torreypinesbank.com.