FOR IMMEDIATE RELEASE
Contact Information:Tawnya LancasterPublic RelationsPhone: email@example.com
San Jose, CA (June 12, 2012) — Technology Credit Union continues to build its Corporate Banking Group with the announcement today that Robert Sherrard has joined the company as its new Senior Vice President of Commercial Real Estate. In his leadership role, Sherrard will focus on building and deepening Tech CU's relationships with commercial real estate developers, owners, and investors in the Bay Area. He will also be responsible for growing Tech CU's commercial real estate loan portfolio — concentrating on owner-occupied and investor-owned office, mixed-used, warehouse, light industrial, retail and multi-family properties.
"Bob has a successful background in financing commercial real estate projects in the Bay Area for more than 25 years," said Tech CU's EVP and Chief Banking Officer Joe Anzalone, "and, therefore, he has extensive contacts that will be beneficial to Tech CU as we continue to develop and grow our commercial real estate loan portfolio."
Prior to joining Tech CU, Sherrard served as Regional Manager and Senior Vice President of Northern California Real Estate for City National Bank and as Senior Vice President and Construction Lending Group Manager at Greater Bay Bank. He also served as Vice President, Commercial and Real Estate Lending Officer, with Pacific Western Bank — which was later acquired by Comerica Bank.
Sherrard is civically active in the South Bay and Peninsula communities — serving as Chair of the City of East Palo Alto's Planning Commission. His board memberships include the Housing Trust of Santa Clara County and Project We Hope in East Palo Alto and the Koinonia Conference Grounds. He has served on the boards of the Bronco Bench Foundation (Santa Clara University), as well as Girls to Women and Can Do in East Palo Alto. He is a member and former chair of the Silicon Valley Leadership Group's Housing and Land Use Committee and a past member of both the Opportunity Fund's Real Estate Loan Committee and the Sobrato Affordable Housing Fund. Sherrard is also involved with the Housing Leadership Councils of Santa Clara and San Mateo counties and is a member of NAIOP, the Commercial Real Estate Development Association.
"Joining Tech CU presents a terrific opportunity," said Sherrard about his new role. "I'm able to continue working with many long-standing clients, while growing a business within a financial institution that is committed to the local market and has a deep understanding of the dynamics of Silicon Valley real estate."
Sherrard is an alumnus of Santa Clara University, where he earned a bachelor of science degree in finance.
ABOUT TECHNOLOGY CREDIT UNIONwww.techcu.comFounded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division, Tech CU has served the high tech workforce in Silicon Valley for more than 50 years. Today, Tech CU has extended its membership benefits to small and medium-size businesses and individuals who live and work in the greater Bay Area. The financial institution is recognized as one of the best managed and strongest in the country. Tech CU's 68,000 members have access to 60,000+ surcharge-free ATMs nationwide, online and mobile banking, 10 full-service branches in the Bay Area, and comprehensive wealth management and small business services.
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