Altos Bank Announces Grand Opening Following Successful Soft Launch

LOS ALTOS, Calif., March 5, 2025 /PRNewswire/ -- Altos Bank, the first new business-focused community bank headquartered in Silicon Valley in nearly two decades, proudly announces its grand opening on March 5, 2025. This milestone follows a successful equity raise, acquisition of a banking license, receipt of an FDIC Deposit Insurance Certificate, and a smooth soft launch on November 25, 2024.

Over the past two decades, Silicon Valley has seen most of its community banks acquired by out-of-state institutions, replacing personalized service with rigid, standardized practices and an impersonal, automated approach. Altos Bank is here to restore the value of long-term relationships and exceptional personal service.

Since its soft opening, Altos Bank has been actively engaging with the Silicon Valley business community, providing innovative, tailored banking solutions for small and mid-sized businesses, their owners, operators, and professional service firms. If you value exceptional service, long-term relationships, and a banker who truly knows you, Altos Bank will feel like home.

The bank serves customers both online at www.AltosBank.com and from its headquarters at 467 First Street, 3rd Floor, Los Altos, CA.

"We are thrilled to celebrate our grand opening and welcome the community to experience our distinctive combination of high-touch relationship banking and cutting-edge technology," said Steven Chang, Founder and Board Chairman of Altos Bank. "Bringing this vision to life has been an incredible journey, and we're proud to restore the personal touch that has been missing in Silicon Valley's financial services landscape."

Altos Bank is a relationship-focused commercial bank that seamlessly blends personalized service with cutting-edge technology. Dedicated to meeting the needs of small and mid-sized businesses, professional firms, and private investors, the bank serves business owners, professionals, commercial property owners, real estate investors, and non-profits.

Tom Vertin, CEO of Altos Bank, stated, "Since our soft launch in November, the local business community has welcomed us with enthusiasm. Our grand opening marks the start of a new chapter in Silicon Valley's community banking—where a local bank, making local decisions, is dedicated to empowering small businesses and investors with flexible, innovative financial solutions that strengthen our local economy."

Altos Bank emerges at a pivotal moment for the region's financial landscape, offering essential support to small and mid-sized businesses seeking credit for commercial real estate, equipment, working capital, multifamily residential investments, construction, and government-backed loan programs like SBA financing.

We look forward to meeting you at Altos Bank's modern, eco-friendly facilities or at your place of business. Our experienced relationship managers are eager to connect with the community and build strong partnerships.

About Altos Bank

Altos Bank, a newly established FDIC-insured community bank in Silicon Valley, is committed to delivering innovative, personalized banking solutions for small businesses and investors. With a commitment to exceptional service and cutting-edge technology, Altos Bank empowers local businesses to thrive and succeed.

For more information about Altos Bank and its services, please visit www.AltosBank.com 

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SOURCE Dragon Capital Group LLC