San Rafael, Calif.-based Tamalpais Bank has formed a strategic relationship with Petaluma-based First California Mortgage Co. to immediately begin offering residential home purchase and refinance loans of up to $10 million.
‘We are heeding the call of Fed chief Ben Bernanke,’ notes Mark Garwood, CEO, chairman and president of Tamalpais Bank. ‘He has suggested that community banks play a more prominent role in home mortgage lending, and that's what this relationship will allow us to do.’ Home mortgage loans will be available for properties located in California.
Residential mortgage loans with both fixed and variable interest rates are offered at the bank's seven branches in Marin County. Customers can receive a free loan consultation through a Tamalpais Bank branch manager and a FirstCal Mortgage Planner, who will identify customers' needs and explain to them their home loan financial options, the companies state.
Source: Tamalpais Bank