TriCo Bancshares

Summary
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans. In addition, the company offers treasury management services; and other customary banking services, including safe deposit boxes; and independent financial and broker-dealer services. It operates 61 traditional branches, 7 in-store branches, and 7 loan production offices in 31 counties throughout California. The company was founded in 1975 and is headquartered in Chico, California.

History

At its inception in 1974, a group of farmers and small business owners within the Chico area came together to form their own bank and assist local growers. The company began operations with Robert H. Steveson as the first president and CEO.TriCo Bancshares was incorporated in 1981. It was formed as a holding company, with Tri Counties Bank as its sole subsidiary. Later that year, Tri Counties Bank merged with Shasta County Bank. The bank opened in store branches in 1994 to bring financial services into supermarkets. After Stevenson retired in 1999, Richard P. Smith became the president and CEO of the company.

In 2010, Richard P. Smith was named the chairman of the California Bankers Association and held the position through 2011, when the company acquired Citizens Bank of Northern California after regulators ordered it to permanently close due to financial loss from non-performing loans.

In 2013, the company opened a new $9 million campus at the Chico Airport complex, which houses information technology, operations, a call center, and training departments.The company then acquired North Valley Bank in 2014, expanding Humboldt, Trinity, and Sonoma counties. Three members of North Valley's board of directors joined the Tri Counties Bank board, which grew from nine seats to twelve. In 2018, the company acquired First National Bank of Northern California, expanding into the Bay Area market.In 2020, the Sacramento Business Journal nominated Bindu Jaduram with Tri Counties Bank as one of the year's Women Who Mean Business honorees. Jaduram helped the company expand its footprint by launching twelve new branches. A 2021 survey published in Forbes magazine of America's Best In-State-Banks ranked Tri Counties Bank as #2 in California.In 2021, the company acquired Valley Republic Bank. After the acquisition, the combined bank had more than $10 billion in assets.


Mission
TriCo Bancshares’ mission is to continuously strive to provide exceptional customer service, competitive products and services, advanced technology, and an array of financial solutions that enable customers to manage money responsibly.

Vision
TriCo Bancshares’ vision is to be the financial services provider of choice for businesses and consumers alike, building strong relationships and achieving financial success in the communities we serve.

Key Team

Mr. John S. Fleshood (Exec. VP & COO)

Mr. Craig B. Carney (Exec. VP & Chief Credit Officer of Tri Counties Bank)

Mr. Daniel K. Bailey (Exec. VP & Chief Banking Officer)

Mr. Craig S. Compton (Corp. Sec.)

Mr. Jason Cove (Shareholder Relations)

Dr. Gregory A. Gehlmann (Sr. VP & Gen. Counsel)

Mr. Michael P. Murphy (VP and Marketing Director)


Recognition and Awards
TriCo Bancshares has been the recipient of multiple awards, including “Best Bank” for customer satisfaction in each of the past five years, as well as being named a Forbes “Best of the Web” and “Top 100” company for investor education and financial literacy.

References
TriCo Bancshares
Leadership team

Mr. Richard P. Smith (Chairman, Pres & CEO)

Mr. Michael W. Koehnen (Independent Vice Chairman & Corp. Sec.)

Mr. Peter G. Wiese (Exec. VP & CFO)

Products/ Services
Advertising, Marketing, Web Design
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1915
Company Registration
SEC CIK number: 0000356171
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
TCBK
Social Media
Fri Feb 23 2024
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