News & Events

A letter from Beacon Business Bank chairman Denis J. Daly


As I reflect on 2018 and look forward to 2019, I first want to thank our loyal customers and express appreciation to our hard-working staff.  This combination allowed us to report our second consecutive year of record earnings and earned us a “Super Premier Bank” rating from Findley Reports, one of the most highly-regarded bank rating agencies.”


I also want to acknowledge an agreement that we have entered into with the OCC and which is detailed in the press statement that follows this letter.


By nearly every measure, Beacon Business Bank is in the top group of community banks in the country.  We trace our history to 1984 and we have been proudly serving our customers for those four decades.  We are well capitalized and exceed industry standards in important measurement categories, including a Tier 1 Leverage Ratio of 12.7% and a Risk Based Capital Ratio of 19.3%, well in excess of the regulatory minimums.


What this means for our customers is that your trust in us is well-placed.  Our staff is experienced and brings deep expertise in all aspects of financial services.  We offer a range of products and are committed delivering personalized service to our customers – “We Are the Business Bank with the Personal Touch.”


During the past year, we successfully opened our branch in San Mateo and expanded our SBA lending programs as a “preferred lender” and with ability to serve customers up and down the Pacific Coast.


As 2019 began, we also named Dennis Jang, who has been an officer of the Bank since 1988, as interim CEO to replace Bob Lussier who retired in January of this year. Dennis, most recently CFO, brings significant and valuable experience and expertise to his new role.


All of us here at Beacon look forward to helping make 2019 a successful year for you.  Thank you for your confidence in us. 


Yours truly,


Denis J. Daly



For Immediate Release                                                                                                                                                                                                  

Beacon Business Bank Press Statement


San Francisco—March 5, 2019--Beacon Business Bank has entered into an agreement with the OCC to improve its administrative, planning and reporting procedures. The Bank said that no loans or relationships with customers were at risk and that it would continue to pursue new business and to service current customers without interruption.


The Bank agreed to a review process, including the use of independent advisors, for matters related to compliance, corrective actions and implementation of planning, contingency procedures and risk management.  The Bank will also provide an updated three-year strategic plan and a new mission statement to regulators.


The Bank, founded in 1984, has begun the process to implement procedures to bring it into full compliance with the OCC agreement.  It is fully committed to the reporting timetable and procedures requested.


The Bank, which has been profitable for the past five years, has attained the highest rating in the Findley Report rankings as a “Super Premium Bank.” It continues to produce strong earnings and is rated a “well capitalized bank” (Tier 1) and is in the top 15 percent of peer banks in the liquidity to total liabilities ratio.  The Bank maintains an allowance for loan losses that is nearly double (2.7 percent) of peer institutions.




Beacon Business Bank Names
Three for Peninsula Team

Based in New San Mateo Branch

Veteran Bankers have Strong Local Ties,
Deep Knowledge of Peninsula Small/Medium-Sized Companies


San Francisco/San Mateo—April 4, 2018-- Robert F. (Bob) Lussier, CEO/President of Beacon Business Bank (,today announced the appointment of three long time Peninsula banking executives who will be located in the new San Mateo branch located in the Borel Office Building, 1700 S El Camino Real, Suite 108, just off Highway 92.


They are:


  • Craig Judy, a Belmont resident who graduated from California State University-Long Beach with a degree in finance and real estate, will be Vice President/Relationship Manager. He joins Beacon from United Business Bank where he was a Vice President, managing a $61MM commercial loan portfolio consisting of owner user and investment commercial real estate loans as well as revolving lines of credit and term financing.
  • Dan O’Brien, who resides in Foster City, will be SVP/Peninsula Market Manager. He has extensive senior level expertise in Northern California as a commercial banker in the Bay Area, having worked for over three decades with middle market businesses, professional firms and private banking clients. He will be providing Beacon customers support for their cash flow and operational banking needs,equipment acquisition and commercial real estate financing.
  • Amir Zahedani, who graduated from Hillsdale High School and attended San Jose State, has extensive senior level banking expertise on the Peninsula. He is also an active member of the San Mateo Chamber of Commerce. He will manage the new branch as well as work with local companies to obtain the financial and banking products that will help them grow their businesses.

“Our team in San Mateo has strong local community ties and extensive knowledge of the market,”Lussier said. “As a business-oriented bank, we recognize the importance of knowing our local market in order to work with our customers to help them thrive.”


During his career, Craig has worked closely with manufacturers, wholesalers, contractors and service businesses,including medical and financial professionals. He also has significant experience with manufacturers, real estate investors, high net worth individuals and non-profit organizations.


“Throughout my career, I have provided guidance to middle market companies seeking financing products to help them grow,” he said. “Coupled with my experience throughout the Bay Area, I am looking forward to working closely with customers who often find large banks too impersonal and rigid. The opportunity to work with Beacon, which emphasizes personal interaction and flexibility with customers, is very important to me.”


O’Brien was most recently Vice President/Senior Commercial Banking Officer for Bank of Marin, based in San Francisco. Prior to that, he was Vice President/Senior Relationship Manager for South Bay commercial lending at California Bank & Trust in San Mateo since 2003.


“I have lived in Foster City since 1974,” said O’Brien, who has a BS in Administration/Finance from California State University-Fresno. “I know the area and I know the business environment. What attracted me to Beacon was that it is committed to living up to its tagline: ‘The Business Bank with a Personal Touch.’ My entire banking career I have placed a high value on working directly with business people to help develop their companies and solve their financial needs.”


Zahedani comes to Beacon from Wells Fargo Bank, where he was most recently an Assistant Vice President/Branch Manager in the San Bruno office. Earlier in his career at Wells, he was a branch manager in Menlo Park/Palo Alto. “Having grown up and gone to school in San Mateo and Foster City,” he said, “I am proud to work for a bank whose core philosophy is to deliver services with a personal touch. This is my home and I want to work to help its local business community prosper.”


Beacon also has offices in the Financial District of San Francisco and Alameda.

About Beacon Business Bank,N.A.


Beacon Business Bank, a privately-held company founded in 1984, has three offices in the San Francisco Bay Area: Alameda, San Mateo and the Financial District in San Francisco. It provides a full complement of commercial and consumer financial services, with an emphasis on small business loans, SBA,7(a) and 504, C&I, commercial real estate loans as well as cash management. Additional information can be obtained at or by calling them directly at the branch at 650-697-8855.