Question 1

What is Tri Counties Bank?

Accepted Answer

Tri Counties Bank is a California-based community bank headquartered in Chico, California. With approximately $9.9 billion in assets and over 77 branches throughout California, the bank is a wholly-owned subsidiary of TriCo Bancshares, a publicly traded holding company listed on NASDAQ under the ticker symbol TCBK.

The bank was established to serve the agricultural and small business communities of Northern California. It has since expanded into a full-service financial institution offering consumer and commercial banking services across the state, with particular strength in Northern and Central California markets.

Question 2

When was Tri Counties Bank founded?

Accepted Answer

Tri Counties Bank began operations in 1975, founded by a group of farmers and small business owners in the Chico area. The bank was formally incorporated in 1974, with Robert H. Steveson serving as the first president and CEO.

The bank's name derives from its original service area covering three counties: Butte, Glenn, and Tehama. TriCo Bancshares was formed as a holding company in 1981, with Tri Counties Bank as its sole subsidiary. That same year, the bank merged with Shasta County Bank, marking its first expansion beyond the original three-county region.

Question 3

Where is Tri Counties Bank headquartered?

Accepted Answer

Tri Counties Bank is headquartered at 63 Constitution Drive in Chico, California. The current headquarters building opened in 1998 and serves as the main administrative and operations center for the bank.

In 2013, the bank opened an additional campus at the Chico Airport complex, housing information technology, operations, a call center, and training departments. The bank also maintains a regional headquarters in Roseville, California, purchased in 2017 to support operations in the Sacramento metropolitan area.

Question 4

Where does Tri Counties Bank operate?

Accepted Answer

Tri Counties Bank operates over 64 branches throughout California, serving communities in Northern, Central, and Southern California. The bank has expanded well beyond its original three-county footprint to include the Bay Area, Sacramento region, and Southern California markets.

The bank maintains loan production offices in eight locations and provides customers with access to approximately 40,000 surcharge-free ATMs nationwide. Recent expansion efforts have brought the bank into Los Angeles County through lending centers in Pasadena, with additional Southern California offices in Irvine and San Diego.

Question 5

What services does Tri Counties Bank offer?

Accepted Answer

Tri Counties Bank provides a comprehensive suite of personal and business banking services. Consumer banking products include checking and savings accounts, mortgage loans, credit cards, and online banking services. The bank also offers investment services to help customers achieve their financial goals.

For businesses, the bank provides small business and commercial banking services, including business loans, cash management, and treasury services. The bank operates a Small Business Administration loan office and maintains dedicated commercial lending offices throughout its market areas.

Digital banking services include advanced mobile and online banking platforms, allowing customers 24/7 access to their accounts. The bank operates both standalone branches and in-store branches located in supermarkets, providing convenient access to banking services.

Question 6

What makes Tri Counties Bank unique?

Accepted Answer

Tri Counties Bank distinguishes itself through strategic growth and community commitment. The bank has grown through a series of well-executed acquisitions, including North Valley Bank in 2014, First National Bank of Northern California in 2018, and Valley Republic Bank in 2021, which brought combined assets over $10 billion.

In 2021, Forbes magazine ranked Tri Counties Bank as the #2 Best In-State Bank in California, recognizing the bank's exceptional service and customer satisfaction. The bank participates in the Cities for Financial Empowerment Fund's BankOn program, which seeks to ensure everyone has access to safe and affordable financial products.

The bank has demonstrated strong commitment to philanthropy, having donated or helped raise over $450,000 for local causes. This includes funds for medical centers, aid for victims of the 2018 Carr Fire, and support for local Black-owned businesses. The bank's leadership has been recognized regionally, with Richard P. Smith serving as chairman of the California Bankers Association in 2010-2011.

Question 7

What type of financial institution is Tri Counties Bank?

Accepted Answer

Tri Counties Bank is a state-chartered commercial bank operating as a subsidiary of TriCo Bancshares, a bank holding company. As a commercial bank, it provides full banking services including deposits, loans, and treasury management for both retail customers and businesses.

The bank operates under a community banking model, maintaining strong ties to local communities while offering the resources and capabilities of a larger regional institution. Tri Counties Bank is a member of the FDIC, and its deposits are backed by the full faith and credit of the U.S. Government. The bank's community bank structure allows it to combine personalized local service with extensive financial products and advanced technology platforms.

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About Tri Counties Bank in the United States