Seacoast Commerce Bank in Chula Vista, Calif., will open its first loan-production office in Utah.

The $150 million-asset business bank said Thursday that the Salt Lake City office, geared toward U.S. Small Business Administration loans, would be its ninth overall.

The bank also hired Eric Wadley as a vice president and SBA business development officer to manage the new office. Wadley has 17 years of banking experience in Salt Lake City with most of it in the SBA lending industry

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