As of July 1, Financial savings Financial institution of Mendocino County is below new management. Stacy Starkey, president of the financial institution since earlier this 12 months, has been promoted to chief govt officer as properly. This follows the retirement of Scott Yandell, the earlier proprietor of this title.
“If I might design the proper Neighborhood Financial institution CEO, the end result could be Stacy,” Yandell explains. “I might be hard-pressed to give you a greater profile for the subsequent chief for our financial institution. She has labored for Financial savings Financial institution for over 27 years, but she remains to be younger sufficient to have a protracted profession as CEO forward of her. She is aware of the financial institution from high to backside, however she additionally is aware of our prospects, our native companies and our neighborhood leaders.”
A real Ukiah native, Starkey was raised on the town and graduated from Ukiah Excessive College. From there, she attended the College of Southern California, the place she earned a Bachelor in Science diploma in Finance. Her training didn’t cease there.
“I’ve a graduate diploma from Pacific Coast Banking College, one of many nation’s premier masters-level extension applications for senior officers within the banking trade,” Starkey says. “After faculty I moved to Dallas for a short while after which I moved again to Ukiah and started working at Financial savings Financial institution in 1994.”
Since starting her profession at SBMC, Starkey has held quite a few positions throughout the financial institution.
“I used to be employed by Financial savings Financial institution because the secretary for what’s now Raymond James Monetary Companies. I labored in that capability for 2 years earlier than shifting right into a business mortgage secretary place.”
For six years after this, Starkey labored as Marty Lombardi’s assistant. Lombardi, Saving Financial institution’s retired senior vp, is happy to see her obtain this well-deserved promotion.
“I’m completely assured that Stacy’s appointment as president and CEO will make sure the neighborhood’s brilliant future and assure that the outstanding contribution made by her predecessors will proceed far into the long run,” he experiences. “I’m so very pleased with her.” In 2002, Starkey moved up the ranks to a mortgage officer.
“I continued working in lending as a business mortgage officer till once more being promoted, this time to senior lending officer in 2015. In the beginning of this 12 months, I used to be named president and I’m now, following the retirement of Scott Yandell, president and chief govt officer.”
Holding these positions is definitely a variety of work, however Starkey finds help in her coworkers.
“As president I’m accountable for oversight of all financial institution capabilities,” she explains. “Fortunately I’ve an exquisite staff of skilled individuals round me, and we work collectively to verify the financial institution is operating effectively and assembly the wants of our prospects.”
Wanting into the long run, Starkey has two main targets for Financial savings Financial institution: broadening its on-line presence and reworking financial institution facilities.
“Many purchasers want to do all of their banking on-line. That features opening accounts, making use of for loans, and signing paperwork electronically. We’re at present engaged on implementing all of these issues. I usually say that we have to make it straightforward for our prospects to do enterprise with us. That could be a precedence for me.”
“The modernization of the banking heart lobbies will function the elimination of the bodily obstacles between workers and their prospects, making a extra open, snug house to conduct enterprise. Moreover, routine operational processes are being moved to the again workplace to help an enhanced customer support expertise.”
The significance of native banks, in line with Starkey, arises from their private affect on the encompassing communities. To this finish, Financial savings Financial institution of Mendocino County is not any completely different. “We make use of near 200 individuals in Lake and Mendocino counties, which has a big financial affect,” Starkey says. “In contrast to different monetary establishments in our space, selections are made regionally by native individuals. We perceive the wants of our communities.”
The truth is, SBMC was capable of present round $100,000,000 in Paycheck Safety Program loans to native companies in the course of the COVID-19 pandemic. Efforts akin to these are indispensable to Ukiah’s economic system and wouldn’t be potential with out the dedication of SBMC. This perspective of dedication and repair is certain to endure as Starkey embarks on her new journey as CEO of the Financial savings Financial institution of Mendocino County.