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D.A. Davidson lists banks exposed to California wildfires


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D.A. Davidson lists banks exposed to California wildfires

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%.