Bank of Marin Bancorp, SVB Financial Group and Umpqua Holdings Corp. are among the banks most exposed to the California wildfires that began over the weekend and have triggered a state of emergency in the counties of Solano, Napa, Sonoma, Yuba, Butte, Lake, Mendocino, Nevada and Orange.
A list compiled by D.A. Davidson analysts Jeff Rulis and Gary Tenner noted Napa and Sonoma make up almost 23% of Bank of Marin's and Bank of Napa NA's pro forma combined total deposits. And wine industry-related loans may comprise 5% of Bank of Marin's total book, a conservative estimate.
Santa Clara, Calif.-based SVB has a wine division that makes up 4.3% of total loans, although the loans are not concentrated in the affected areas. And Portland, Ore.-based Umpqua, the analysts said, had just hired a regional director of commercial banking with a specific focus on wine specialty. About 4.5% of its total deposits are from the Napa and Sonoma markets.
Exchange Bank of Santa Rosa has 98.1% of its deposits in those two counties; San Rafael-based Westamerica Bancorp. has 19.7%.