Correction

An article Monday, "Way Out: Turning a Profit in Santa Cruz" (page 8), erred in saying Coast Commercial Bank is the largest Small Business Administration lender in Northern California. It is the largest bank lender in the SBA's 7(a) loan program.

An article Tuesday on page 6 failed to make clear Trenton Savings Bank's plans for a new ownership structure. The thrift is already stockholder- owned; a mutual holding company owns most of the shares. The plan is to transfer all shares in the thrift to a new holding company that would issue stock to current shareholders.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER