Pacific Bank provides loans to businesses in the community
through its Commercial Lending Department. Small loans (less than
$100,000) may be approved by an individual loan officer, while
larger loans (greater than $100,000) must be approved by a board of
loan officers. Once a loan is approved, the funds are made
available to the loan applicant under agreed-upon terms. Pacific
Bank has instituted a policy whereby its president has the
individual authority to approve loans up to $5,000,000. The
president...