Santa Cruz County Bank announced the launch of its Asset-Based Lending Division led by Lee Shodiss and Shelly Medina. The Bank's new Asset-Based Lending Division will specialize in serving business clients and emerging growth companies requiring asset liquidity and flexible lines of credit in addition to full banking services. The addition of an Asset-Based Lending Division showcases the Bank's commitment to supporting small business.

The Division is based at the Bank's Cupertino office at 19240 Stevens Creek Boulevard, to serve clients in Silicon Valley, the Greater Bay Area and throughout California. The Bank's Asset-Based Lending Division is directed by Lee Shodiss, an industry veteran with 30 years of experience in asset-based and innovation markets serving Silicon Valley and technology centers throughout the country. Shelly Medina leads the Asset-Based Lending Division as Operations Manager.

Mr. Shodiss joined the Bank as Senior Vice President and Director of Asset-Based Lending (ABL) in April 2022. Mr. Shodiss' 30-year career in the financial services industry includes expertise in technology focused asset-based factoring, structured finance and commercial banking, including support for emerging growth companies to secure debt, provide restructuring and collateral exams to lenders. His entrepreneurial acumen in the business industry is evidenced by his establishment and expansion of three asset-based and technology lending units totaling over 2 billion in footings.

Mr. Shodiss founded and managed the Technology and Bridge Capital Finance Divisions at Bridge Bank. He held the position of Founder, Executive Vice President, Regional Director/Product Line Director and was responsible for all aspects of operations of the Divisions including sales, personnel, budgeting and credit. Mr. Shodiss held multiple roles at Silicon Valley Bank from 1994-2002, with increased responsibility from Assistant Vice President to Senior Vice President, Co-Group Manager for the Bank's Specialty Finance Division.

Early in his career as Budget Analyst, Cost Controller at Lockheed Missiles & Space, Inc, Mr. Shodiss monitored and administered contract costs associated with defense contracts ranging in size from $25 million to $500 million.