Poppy Bank Celebrates its 20th Anniversary
Poppy Bank Celebrates 20th Anniversary, Marking Two Decades of Success, Growth and Community Commitment
January 28, 2025 – San Rafael, California – Poppy Bank today announced the celebration of its 20th anniversary, a significant milestone that reflects its dedication to serving the community and its impressive growth trajectory. Since its inception in 2005, Poppy Bank has expanded from a single location in Santa Rosa, California to a statewide bank with assets of approximately $7 Billion. Including its branches that are in the process of opening, Poppy Bank will have 45 branch locations across the state of California by the end of the current year. Poppy Bank’s geographic footprint includes the San Francisco Bay area, Sacramento area, Greater Los Angeles area, Orange County and the Greater San Diego area. In these 20 years Poppy Bank has grown to one of the largest California based banks and by far the largest bank based in the North Bay.
Founded by a group of strong business entrepreneurs led by majority owner and Sonoma County real estate developer, Bill Gallaher, Poppy Bank was established with the mission to make a positive difference in the community by providing personalized banking solutions tailored to the needs of individuals and businesses. Over the past two decades, the Bank has remained committed to its core values of integrity, security, and innovation, making it a trusted partner for thousands of clients. In recent years, Poppy Bank has consistently garnered national recognition for its success and has been named one of the best performing banks in the nation by American Banker, ICBA and S&P Global. SFGate also recently named Poppy Bank as the Best Regional Bank. Furthermore, BauerFinancial rates Poppy Bank as one of the strongest financial institutions in the nation with a 5-star rating.
In addition to its financial success Poppy Bank has established itself as the Bank that its local communities can depend on. Whether it is providing loans to local businesses and non-profits, financially supporting over 100 community organizations, or committing thousands of employee hours annually to financial literacy, Poppy Bank makes it a priority to support the local communities it serves.
"We are very proud of what we have accomplished in the last twenty years and the impact we have had," said President and CEO, Khalid Acheckzai who joined the Bank ten years ago when the Bank was less than a billion in assets. "This milestone and our success and accomplishments are a testament to our dedicated team, loyal clients, and the communities we serve. We are not just a bank; we are an integral part of the communities we serve. While we have much to celebrate, I believe we are just getting started. I am very excited about the next twenty years."
As Poppy Bank looks to the future, it remains dedicated to expanding its reach and enhancing its services to meet the evolving needs of its clients and communities. With a robust vision and plan for sustainable growth, the Bank aims to continue its legacy of excellence and community service for many years to come.
About Poppy Bank
Since opening the first branch in January 2005, Poppy Bank has grown to approximately $7 Billion in assets with branches across the San Francisco Bay area, Sacramento area, Greater Los Angeles area, Orange County and the Greater San Diego area, and has loan production offices in California, Nevada, Arizona, and Texas. Poppy Bank is committed to providing the best products and services, which has propelled its success and garnered national recognition for performance. Poppy Bank is 5-star rated by BauerFinancial Inc., the nation’s leading independent bank and credit union rating firm and is recognized as one of the strongest financial institutions in the country. Poppy Bank has also been ranked as one of the best-performing banks in the nation by the ICBA and one of the Best Business Banks and Fastest-Growing Companies by Inc. 5000. The Bank is governed by a strong team of Executive Officers and a dedicated Board of Directors formed entirely by accomplished business leaders. Poppy Bank’s mission is to meet the banking needs of clients and to make a positive difference in the communities served. For more information, visit www.poppy.bank.
