February 12, 2026
Neighborhood National Bank (NNB), the only bank CDFI in San Diego County reported record earnings, record growth and record new loan originations in 2025. Neighborhood generated operating profit of $1.3 million, also a record for the Bank, and based on its strong performance was able to realize a tax credit of $2.5 million in 2025. Neighborhood continues to support small-to-medium sized businesses in low and moderate-income communities, primarily in South and East San Diego County, fulfilling its primary CDFI mission.
“In 2025 NNB achieved significant growth and profitability due to the hard work and dedication of its experienced team of bankers” said Scott Andrews, President & CEO. “We continue to focus on our CDFI mission, which dates back to the Bank’s founding in 1997 by supporting local non-profit agencies and churches, providing financial services in low and moderate-income neighborhoods, and supporting important local events. Neighborhood National Bank’s staff is dedicated to doing good and giving back to the communities we serve.”
The record earnings in 2025 is a direct result of consistent growth over the past three years, including the addition of a loan production office in Orange County. The Bank maintains outstanding asset quality, and deposit growth has also been solid due to new customer acquisition.
“Neighborhood National Bank is the only community bank serving South San Diego County, and we are focused on building community engagement and supporting businesses in low and moderate-income communities that are often neglected by national and regional banks” said Melyn Acasio, NNB’s Community Development Officer. Acasio is a National City native and has spent her entire banking career in San Diego County serving the local community.
The Bank will be opening a new full-service branch in National City in the near future to further support its CDFI mission of providing banking services in low and moderate-income communities.
About Neighborhood National Bank
Neighborhood National Bank is a nationally- chartered, federally insured bank serving the broader San Diego region since 1997. As the oldest community bank in San Diego, Neighborhood National Bank was founded on the premise of being a good neighbor – a promise it upholds today by providing affordable, flexible, and accessible financial products to individuals, small businesses, and nonprofits across San Diego County. Neighborhood National Bank is a certified community development financial institution (CDFI), reflecting its commitment to serving low- and moderate-income San Diegans and investing in local small businesses, affordable housing, and nonprofits.
June 6, 2025
CEO Scott Andrews is sworn into the Board of Directors for the Chula Vista Chamber of Commerce.
April 11, 2023
NEIGHBORHOOD BANCORP RECEIVES $3.7 MILLION GRANT FROM CDFI EQUITABLE RECOVERY PROGRAM
El Cajon, California - (April 11, 2023) – Neighborhood Bancorp (NB) announced today it has been awarded a grant from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) through the CDFI Equitable Recovery Program (CDFI ERP). NB was one of 603 CDFI’s across the country to receive a portion of the $1.73 billion in grants awarded under the CDFI ERP.
Neighborhood National Bank, NB’s community bank subsidiary, is San Diego County’s oldest community bank, serving San Diego County since 1997, when it became the first nationally chartered CDFI in the country. Neighborhood’s mission has always been to serve minority, women and veteran owned businesses and individuals in low and moderate-income communities throughout San Diego County, and the Bank has enjoyed a long history of providing much needed banking and financial services in traditionally underbanked minority communities. President and CEO Scott Andrews stated, “we are very pleased to receive this ERP award which will boost our efforts to assist small businesses, particularly those in low and moderate income areas that have been most affected by the pandemic”.
During the pandemic, Neighborhood funded over $75 million of Paycheck Protection Program (PPP) loans to small businesses at an average loan size of less than $100,000, preserving over 8,000 jobs for small businesses, a majority of which were located in low and moderate-income areas. In 2022, nearly 80% of loans funded by the Bank were in low income and persistent poverty census tracts as identified under CDFI guidelines.
Proceeds of the ERP grant will be used to increase lending and other investments in markets that have been and continue to be impacted by the effects of COVID and its aftermath. CEO Andrews commented that “Neighborhood is committed to serving local, small businesses and will continue to help them grow and prosper during these challenging times”.
For Further Information Contact:
Scott R. AndrewsPresident & CEO, Neighborhood Bancorp
619-789-4423
March 10, 2023
A Message from the President
I want to take this opportunity to provide an update on Neighborhood National Bank, considering the recent developments in the banking industry and the news surrounding Silvergate Bank’s self-liquidation and Silicon Valley Bank being taken over by the FDIC.
Neighborhood National Bank is well capitalized. Our Leverage Ratio is 12.20% and our Total Capital Ratio is 23.30% as of December 31, 2022, both ratios well in excess of the regulatory definitions for a bank to be considered “well capitalized”.
Both Silvergate Bank and Silicon Valley Bank were forced to sell their investment portfolios at huge losses which caused both banks to have capital issues. At Neighborhood we have a very small investment portfolio of less than $6.5 million, and if we were to sell it, it would result in zero losses to capital.
Neighborhood posted a quarterly profit in the 4th quarter of 2022 and we have plenty of liquidity both on our balance sheet and available to us from other sources. Neighborhood National Bank is in solid financial condition and we are continuing to grow and add new customers every day. We have programs available to offer FDIC deposit insurance on 100% of deposits over $250,000 and are offering very competitive interest rates as well.
If you would like to speak with me about Neighborhood National Bank, please call me at 619-789-4423 or email me directly at sandrews@mynnb.com.
September 12, 2022
NEIGHBORHOOD NATIONAL BANK ANNOUNCES TERMINATION OF REGULATORY ENFORCEMENT ACTION & $4 MILLION IN NEW CAPITAL RAISED
Neighborhood National Bank (NNB) announced today that the Office of the Comptroller of the Currency (OCC) has terminated the Consent Order in place since March 24, 2016 related to deficiencies in NNB’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program.
CEO Scott Andrews commented that he was “extremely proud of the work done by the team at Neighborhood to bring the Bank’s BSA/AML program into full compliance.” Mr. Andrews continued, stating “while working to repair the Bank’s compliance program during the early stages of the pandemic, Neighborhood provided nearly $80 million in PPP loans at an average loan size of less than $100,000 continuing our commitment to serving small businesses most severely impacted during the pandemic. Today, we are growing our customer base and serving clients throughout San Diego County and southern California with state of the art treasury management and digital banking products, an experienced SBA Lending team, and we continue to enjoy strong support from our shareholder base, adding over $4 million in new capital to our parent company, Neighborhood Bancorp, in the first six months of 2022.”
CEO Scott Andrews commented that he was “extremely proud of the work done by the team at Neighborhood to bring the Bank’s BSA/AML program into full compliance.” Mr. Andrews continued, stating “while working to repair the Bank’s compliance program during the early stages of the pandemic, Neighborhood provided nearly $80 million in PPP loans at an average loan size of less than $100,000 continuing our commitment to serving small businesses most severely impacted during the pandemic. Today, we are growing our customer base and serving clients throughout San Diego County and southern California with state of the art treasury management and digital banking products, an experienced SBA Lending team, and we continue to enjoy strong support from our shareholder base, adding over $4 million in new capital to our parent company, Neighborhood Bancorp, in the first six months of 2022.”
Chairman Stephen Taylor noted that “achieving a satisfactory BSA/AML compliance program leading to termination of the Consent Order has been the primary objective of the Board and I am grateful to the Neighborhood board members for their hard work and dedication to achieving this goal.” Mr. Taylor continued, stating “he looks forward to working with CEO Scott Andrews and the entire management team on the next phase of Neighborhood’s long history of serving small-to-medium sized businesses in San Diego County and achieving sustained growth and profitability in the years ahead.”
Neighborhood National Bank, the first nationally chartered Community Development Financial Institution, is a full-service, business-focused community bank providing financial services to small-to-medium sized businesses, professionals, non-profit organizations, investors and individuals throughout San Diego County, focusing on low-to-moderate income communities and underserved markets in South and East San Diego County. The Bank operates a full-service branch in El Cajon. Additional information may be found at the Bank’s website at www.mynnb.com.
Neighborhood National Bank Announces New SBA Lending Group
San Diego, California - (October 30, 2018) – Neighborhood National Bank announced that it has hired an experienced SBA Lending Group, led by Thomas Welch, SBA Manager. Mr. Welch has a 30-year career in Small Business Administration (“SBA”) lending, 39 years in the banking industry, and has been manager of SBA lending at four Southern California community banks, prior to joining Neighborhood National Bank recently. Joining Mr. Welch is Tammy DeWitt, Senior Underwriter and Adrienne Smith, SBA Loan Processor... read more about SBA lending
Neighborhood Bancorp Announces Completion Of $2.9 Million Capital Raise
San Diego, California - (October 24, 2018) – Neighborhood Bancorp announced it has completed a capital raise of $2.9 million that was oversubscribed among directors, officers and existing shareholders, along with a significant investment by an experienced local community bank investor. The capital was raised without the assistance of any investment bankers and was done at nominal costs to Neighborhood Bancorp for a stock valuation assessment only... read more about Capital Raise