Trico Bancshares
TriCo Bancshares is a bank holding company incorporated in California in 1981
and registered under the Bank Holding Company Act of 1956, as amended. The Company’s
principal subsidiary is Tri Counties Bank, a California-chartered commercial
bank (the “Bank”). The Bank offers banking services to retail customers
and small to medium-sized businesses through 67 branch offices in Northern and
Central California. The Bank’s deposits are insured by the Federal Deposit
Insurance Corporation (the “FDIC”) up to applicable limits. The
Company and the Bank are headquartered in Chico, California.
The Bank was incorporated as a California banking corporation on June 26, 1974,
and received its certificate of authority to conduct banking operations on March
11, 1975. The Bank engages in the general commercial banking business in 26
counties in Northern and Central California. The Bank currently operates from
55 traditional branches and 12 in-store branches.
The Bank conducts a commercial banking business including accepting demand,
savings and time deposits and making commercial, real estate, and consumer loans.
It also offers installment note collection, issues cashier’s checks, sells
travelers checks and provides safe deposit boxes and other customary banking
services. Brokerage services are provided at the Bank’s offices by the
Bank’s arrangement with Raymond James Financial Services, Inc., an independent
financial services provider and broker-dealer. The Bank does not offer trust
services or international banking services.
Most of the Bank’s deposits are attracted from individuals and business-related
sources. No single person or group of persons provides a material portion of
the Bank’s deposits, the loss of any one or more of which would have a
materially adverse effect on the business of the Bank, nor is a material portion
of the Bank’s loans concentrated within a single industry or group of
related industries.
The Bank may in the future engage in other businesses either directly or indirectly
through subsidiaries acquired or formed by the Bank subject to regulatory constraints.
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