BayCom Business Summary

BayCom Corp (BCML) operates as the bank holding company for United Business Bank, generating the majority of its revenue through net interest income derived from a diversified loan portfolio and the spread on interest-bearing deposits. The company’s primary business segments focus on commercial and multifamily real estate lending, commercial and industrial (C&I) loans, and Small Business Administration (SBA) guaranteed lending, supplemented by a specialized Labor Services Division catering to unions and benefit plans. With approximately 35 full-service branches across California, Colorado, New Mexico, Washington, and Nevada, BayCom positions itself as a relationship-driven regional player. It competes directly with other Western-focused community banks such as RBB Bancorp (RBB), Plumas Bancorp (PLBC), FS Bancorp (FSBW), and Heritage Financial Corporation (HFWA), maintaining a market niche by providing small-to-mid-sized business owners with direct access to executive decision-makers and localized expertise. The leadership team is anchored by a veteran founding group that has guided the institution since its inception in 2004. George J. Guarini serves as President and Chief Executive Officer, bringing over 30 years of banking experience to the role, while Keary L. Colwell serves as Senior Executive Vice President and Chief Financial Officer, having been instrumental in the company’s strategic acquisitions and financial oversight for over two decades. Other key executives include Janet L. King, Senior Executive Vice President and Chief Operating Officer, and David J. Funkhouser, Executive Vice President and Chief Credit Officer. The company’s board was recently strengthened by the 2024 appointments of Bhupen B. Amin and Dennis Guida, the latter of whom brings 40 years of expertise in asset-liability management. BayCom maintains a strong institutional investor base, with major positions held by Wellington Management Group, BlackRock, and The Vanguard Group.