CivicBank of Commerce Announces New Lease Financing Program.OAKLAND, Calif.--(BUSINESS WIRE)--June 23, 1998--CivicBank of Commerce announced today that it has formed a strategic alliance with Belvedere Equipment Finance, a 15 year old San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden based leasing company. The new leasing program is designed to meet the equipment financing needs of the Bank's clients. The program provides for tailoring a leasing structure to meet the specific needs of individual businesses. "This new product alliance is part of CivicBank of Commerce's commitment to provide a full range of banking services to the owners and operators of the Bay Area's businesses," said Herbert C. Foster, chairman and chief executive officer. "We are confident that Belvedere's expertise, combined with CivicBank of Commerce's resources and commitment to responsive banking, allows us to provide an excellent equipment financing product," stated Foster. "The Bank's clients now have two equipment financing options at CivicBank of Commerce, traditional term loans and leasing." CivicBank of Commerce provides professional, business banking services to Bay Area businesses through offices in Oakland, San Francisco, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Fremont, San Leandro San Leandro (săn lēăn`drō), city (1990 pop. 68,223), Alameda co., W Calif., on San Francisco Bay; inc. 1872. Metal, wood, and paper products; chemicals; leather goods; foods and beverages; medical equipment; lighting fixtures; and and Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. .
CONTACT: CivicBank of Commerce, Oakland
Herbert G. Foster, 510/836-6500
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