$600 Million Dollar Bank

The past decade has been challenging for nearly every sector of business, to say the least. For banks, interest rate pressure, several high-profile bankruptcies, and the COVID-19 pandemic have combined to change the landscape and pressure financial institutions to revise their growth plans.

For some, the oft-repeated quote “May you live in interesting times” became a warning; for others, like TASI ® Bank, it was a rallying cry that produced remarkable growth. During the decade, TASI Bank, formerly operating as Bank of Guam ®, has strung together accomplishments and driven growth as it continues to successfully serve small to medium-sized businesses in the nine Bay Area Counties and three in Southern California (Los Angeles, Orange, and San Diego).

From a total net asset base of $35 million in 2011, TASI Bank, under the leadership of Dave Joves, has grown to over $600 million, operating from a single (physical) branch in San Francisco’s Financial District.

Joves attributes the success to a singular focus and a distinct attitude: “We have always directed our efforts to support small and medium-sized businesses who, though successful, have found larger regional or national banks uninterested in working with them.

“As an MDI (Minority Deposit Institution) and an SBA-preferred lender, we provide access to programs that help them grow. As a maverick in the financial services industry, we aim to give them access to the funding they deserve but often find not easily available.”

TASI Bank is the go-to provider for customers in the cannabis industry, , gas station/convenience store segment, affordable housing, and long-term care facilities industries.

“We have built a solid reputation in a broad range of businesses ranging in size from $1MM to over $50MM,” Joves said. “Many of our customers are second and third-generation business owners who, despite strong financial performance, have been ignored by larger banks.

“Because we know our segments well and are committed to finding programs for customers that work for them, customers appreciate that we are thorough in our financial due diligence. We stick with them, and they stay with us,” he said.