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Osterbauer leads Mission Bank expansion into San Luis Obispo

BAKERSFIELD, Calif. – Rob Osterbauer has been named Mission Bank’s Regional President to lead the Bakersfield-based bank’s establishment of a new business banking center in San Luis Obispo. He is joined by Austin Petty, Trevor Mitchell and Deanna Elmerick, creating a powerful business banking team supporting San Luis Obispo communities.

Together, the team has over four decades of banking experience and stand ready to deliver the best business banking experience to business owners throughout the county. Osterbauer and team will be responsible for growing Mission Bank throughout San Luis Obispo County, adding new business banking relationships, and ensuring the economic prosperity of San Luis Obispo and its surrounding communities.

“We plan to become engaged with the community and make San Luis Obispo a better place to bank,” said Osterbauer. “San Luis Obispo is a vibrant and growing area. We will offer commercial, SBA and agriculture loans with our unique client-centered focus. Mission Bank will bring a new customer-driven style of banking, along with a wide range of high-quality services and a superior level of business banking experience currently missing in the San Luis Obispo market.”

Mission’s performance has continued to reach new heights. Most recently, Mission Bank reached a milestone of $1 billion in total assets as of April 21, 2020. “We continue to credit our success to our focus on relationship banking and delivering the best banking service to local businesses” said A.J. Antongiovanni, Mission’s President and Chief Executive Officer.

Mission’s success and earnings track record were highlighted in a recent American Bankers Association report. The report ranked the three-year return on average equity for publicly traded commercial banks under $2 billion in total assets in the United States. Mission was ranked #7 in the United States and #1 in Southern California, placing Mission in the 98th percentile overall. 

“Our expansion to San Luis Obispo provides evidence of Mission’s continued success and growth despite this challenging economic environment” said Antongiovanni. Mr. Antongiovanni continued, “Mission has also been able to fulfill its core purpose, to fuel and grow vibrant and prosperous communities through the COVID-19 pandemic, by being one of the first banks nationwide to process the SBA’s Paycheck Protection Program loans.”

Mission has helped over 700 borrowers receive more than $122 million in loans which have supported the continuation of more than 12,500 jobs throughout California.

Osterbauer, Petty, and Elmerick have lived in San Luis Obispo for over 20 years. “It’s important to have local bankers representing Mission Bank throughout San Luis Obispo” said Antongiovanni. Mr. Antongiovanni continued, “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.”

The team has served in various local charities and non-profits including the United Way, Must! Charities and the Cal Poly Center for Innovation and Entrepreneurship. They hold various degrees in the areas of business and finance, all from San Luis Obispo’s own California Polytechnic State University.

Osterbauer is looking to open a temporary facility with more permanent offices to follow as he leads Mission Bank’s expansion into San Luis Obispo and San Luis Obispo County.