Effective Thursday, March 19, 2020 several of our branch offices will be closed. The following branches will remain open: San Jose, Santa Teresa, Dublin and Cupertino. All branch ATM’s will remain operational, and all branches are scheduled to be open again on Wednesday, April 8th although this date may change.
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Commercial Property #1
Commercial Property #2
Rakesh Panchal and his wife Manishal Panchal are successful hotel owners who have managed and grown their family-owned business for more than 15 years. The two were born in India and immigrated to the U.S. in 1996 after graduating from college. Mr. Panchal started his career in hotel management at the Bali Hai Motel in Yakima, Washington. He left the Bali Hai to purchase his own hotels, including the El Corral Motel in Toppenish, Washington, which is still run by his father-in-law, and the Quality Inn in Yakima, Washington, which the couple sold in 2013.
After the sale of their Quality Inn hotel, the Panchals recognized an opportunity to acquire two hotel properties in Central California. They needed additional financing to complete the purchase of the properties and provide supplementary capital for ongoing operational support.