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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. Andrews                                                                                             

President & CEO, Neighborhood Bancorp                                                                                                              




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



September 12, 2022


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.”

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

April 20, 2021

At Neighborhood National Bank, we are proud of our efforts to assist small businesses during these unprecedented times.  Over the course of the past year, we funded 750 PPP first and second draw loans totaling over $75 million.  As a small bank, we kept our focus on helping smaller businesses, with our average loan amount just under $100,000, our smallest loan being just over $2,000!  From restaurants to manufacturers to service companies to non-profit organizations to self-employed individuals, we have been able to provide needed funds to keep thousands of people employed, and businesses open.  The team at NNB has worked tirelessly to not only get these loans funded, but we have also received forgiveness for our customers on 61% of our First Draw loans, well above the industry average.

If you are looking for a business and community-focused community bank to help your business grow and succeed, we are here, ready to help.

Please contact SBA Manager Tom Welch at or (619) 789-4440, or SVP Nora Seiba at or (619)789-4211.

 Scott R. Andrews

President & Chief Executive Officer

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... see more 

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... see more

Former News


Neighborhood National Bank Announces Scott R. Andrews as President & CEO


San Diego, California - (October 18, 2018) – Neighborhood National Bank announced that Scott R. Andrews has been appointed as the President & CEO and Director of Neighborhood National Bank and Neighborhood Bancorp. Mr. Andrews is an experienced community bank chief executive officer with a banking career spanning over 42 years...see more