Mission Bank is once more trying to broaden into San Luis Obispo after its first try to enter the Central Coast market greater than a yr in the past was delayed by a staffing change on the Bakersfield-based establishment.Mission introduced it has appointed Regional President Rob Osterbauer to steer the institution of a brand new enterprise banking heart in San Luis Obispo. He is joined within the effort by bankers Austin Petty and Deanna Elmerick, who like Osterbauer have lived in San Luis Obispo for greater than 20 years.“We plan to become engaged with the community and make San Luis Obispo a better place to bank,” Osterbauer mentioned in a information launch. The bank will supply business, U.S. Small Enterprise Administration and agricultural loans.The enlargement marks the bank’s 10th location. Mission, whose complete belongings topped $1 billion in April, additionally has workplaces in Bakersfield, Lancaster, Mojave, Ridgecrest and Ventura County.“Our expansion to San Luis Obispo provides evidence of Mission’s continued success and growth despite this challenging economic environment,” mentioned Antongiovanni.In March 2019, Mission mentioned its entry to San Luis Obispo can be led by a banker and senior supervisor with greater than three a long time of expertise who would rent employees and in any other case oversee the enlargement.However a consultant for the bank mentioned by electronic mail that the person tapped for the job, Mike Jefferis, determined to not take the place.Mission’s president and CEO, A.J. Antongiovanni, mentioned within the firm’s information launch it was vital to have native bankers representing the establishment in San Luis Obispo.He mentioned the transfer was an indication of the bank’s skill to thrive through the COVID-19 disaster. Mission was one of many first U.S. banks to course of an SBA Paycheck Safety Program loan, he famous.“Our expansion to San Luis Obispo provides evidence of Mission’s continued success and growth despite this challenging economic environment,” Antongiovanni mentioned. “Understanding the financial and economic needs of the San Luis Obispo community is achieved best by those who live and contribute to the local community.”Mission mentioned Osterbauer is on the lookout for a short lived location whereas he and his staff make money working from home workplaces due to the pandemic.