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Realtor Steve Coldani speaks about his career Thursday morning at his office overlooking Mallard Lake in Lodi. (Brian Feulner/News-Sentinel)

Reaping rewards

Steve Coldani an active contributor to Lodi community

By Ross Farrow
News-Sentinel Staff Writer
Friday, July 6, 2007 6:27 AM PDT

When he starts his day, Steve Coldani dons work boots and jeans to help out at his family's farm.

By the end of his day, the Lodi resident is selling commercial real estate from his office overlooking Lake Mallard.

Coldani has been a Realtor for 31 years in the office his father founded, and he's been in the news twice this year — for joining the Community Business Bank board of directors and for having his Lodi High School high jump record broken by junior Ray Nikzat, who went on to compete at the state track meet.

Coldani, 54, is a third-generation San Joaquin County resident. His grandfather, Richard Coldani, was a farmer who settled in Stockton from his native Italy. His father, Ray Coldani, founded Coldani Realtors in 1959 and taught his son the real estate and farming business.

Ray Coldani, now 82, doesn't practice real estate much anymore, but he still has an active license.

Steve Coldani enjoyed his father's dual careers and followed in his footsteps.

"You get married, and you've got to make a living," he said, explaining why he is also in real estate.

As time went on, Coldani grew to enjoy real estate because of the satisfaction of helping people buy property.

"It's the largest transaction anybody will ever make," he said. "It's real nice to help them. There are a lot of rewards there."

Coldani's practice focuses on investment, commercial and industrial property, he said from his conference room which overlooks Lake Mallard south of Kettleman Lane. He'll also help a client find property in other parts of California.


Realtor Steve Coldani speaks about his career Thursday morning at his office over looking Lake Mallard in Lodi. (Brian Feulner/News-Sentinel)

He doesn't venture into the residential real estate market too much in Lodi, although he and his business partners, Dan and Leah West, sell homes in Graeagle, Plumas County, which has several golf courses.

"Where else (but on a golf course) is there 200 acres of lawn and somebody else takes care of it?" Coldani said.

Coldani also stays busy on the family ranch, where he and his dad have planted about 100 acres of olives. Their first harvest will be next year, and they plan to sell olive oil on the retail market. They also have more than 1,500 acres of row crops and beef cattle.

Despite his success and extensive community involvement, Coldani is an unassuming person who gives others credit for his success — his father, his coaches at Lodi High and his two fellow dissidents when Bank of Lodi was in turmoil four years ago.

"Yeah that's Steve; he's a very humble man," said Chad Meyer, Community Business Bank's senior executive vice president and chief administrative officer.

Coldani's business ventures stem from long-term friendships; Dan West was his roommate at University of the Pacific in Stockton. And Coldani recently joined the board at Community Business Bank because of his friendship with Meyer, who he's known since grade school.

Coldani and Meyer played together on the Lodi High basketball team, where Coldani was a guard and Meyer was a tall center.

"My duty was to get the ball to Chad," Coldani said of his high school basketball days.

Meyer deflected credit right back to Coldani.

"He was a great basketball player," Meyer said.

In addition to his ties with Meyer, Coldani said he joined the Community Business Bank board because of its quick growth since it was formed in November 2005.

Age: 54
Born: Lodi Memorial Hospital
High School: Lodi High, Class of 1972
College: University of the Pacific, bachelor's degree in business, 1976
Banking: Joined Bank of Lodi board in 1998, replacing his father, who was one of the bank's founders. He was removed from the board in 2003 after he and two other directors criticized bank operations. Joined Community Business Bank board this year.
Volunteer work: Lodi Chamber of Commerce and Lodi Memorial Hospital Foundation boards.
Source: Steve Coldani

Meyer was involved with Yolo Community Bank in Woodland, but it was sold in 2004 to North Valley Bank, so Meyer left the bank and formed Community Business Bank with a single office in West Sacramento. But a second branch was opened in Lodi. Other Lodi-area board members include William Lappas, founder of Woodbridge Capital Partners; Bill Stokes, a vineyardist from Thornton; and Stockton attorney William Parish, who lives in Lodi.

Community Business Bank focuses on business customers.

"Banks now have to focus on certain areas and be real good at it," Coldani said.

Coldani previously sat on the board of Bank of Lodi, which was involved in inner turmoil before being sold to Placer Sierra Bank in 2004 and this year to Wells Fargo Bank.

He was one of three major dissidents with Angelo Anagnos and Kevin Van Steenberge, who were vocal in their disdain four how the bank was being run. They were kicked off the board in 2003.

The three accused Bank of Lodi leaders at the time for "lack of leadership" and for using "intimidating tactics" toward them. The bank was also accused of having financial numbers that were lower than similar banks, and top management's salaries were too high, they said.

Rather than focus on his role fighting Bank of Lodi, Coldani gave credit to his partners, Van Steenberge and Anagnos, whom he described as "two outstanding guys."

"He's not the kind to go pick fights," Meyer said. "He's also not the type of person to run away from something he knows is wrong. Whether it's difficult taking a stand is not part of the equation."

This year, Coldani was busy watching his Lodi High school high jump record being broken by Ray Nikzat, who jumped 6 feet, 8 inches and qualified for the state track meet this year. Nikzat broke Coldani's record of 6 feet, 53/4 inches, set in 1972.

Although he was a great track athlete, Coldani naturally gave credit to his coaches — Steve Scott, Jim Sowers and, of course, his dad.

Coldani lives in Lodi with his wife Jeanne. They have two children: Michael, a realtor at Coldani Realtors, and daughter Gina, who lives in San Diego.

Not only does son Michael work in the family real estate office, but so does Jeanne Coldani. So what's her title?

"Maybe the boss," her husband quipped.

Contact reporter Ross Farrow at rossf@lodinews.com.

Reader Feedback

sigh wrote on Jul 6, 2007 1:35 PM:

" "four" how the bank was run???? grammar and spell check maybe? "

jeffa wrote on Jul 6, 2007 1:02 PM:

" steve and his family and there fore fathers have been a large influence to lodi and the kids of lodi and will continue to be that way why you ask it how you are brought up work hard reap the benifits. go steve and ray "

Aunt Bernice wrote on Jul 6, 2007 12:49 PM:

" Steve & his wife Jeanne are great people! Nice article! "

Oscar wrote on Jul 6, 2007 11:54 AM:

" I know Steve personally and he is a great member of this community. Congratulations Steve, although you would never seek out the accolades you are certainly deserving of them. Keep up the good work. "

sam wrote on Jul 6, 2007 11:25 AM:

" The Coldanis are great people. Nice article, LNS. And T&C, I have to agree, beautiful office. "

Taxpayer & Citizen wrote on Jul 6, 2007 10:14 AM:

" I really liked this article and thought it was very informing and very interesting, giving all the pertinent facts that it's refreshing to see a successful young man in the real estate inndustry and both his ups and downs and family life and interests when the realestate industry is in such a turmoil. Also jealous of that nice office overlooking the lake!LOL It's businesses and people like Mr. Coldani that are a positive to lodi and realestate. Congratulations on your success! "

johnnycheapshot wrote on Jul 6, 2007 10:11 AM:

" First generation, second or third- Steve is a solid guy who has made his own place in this community. I've known him since the early 70's (Ben's Electric softball days). It's nice to see a local stay here and get involved trying to change the area for the better. "

second generation middle class wrote on Jul 6, 2007 7:17 AM:

" being a third generation farmer makes it alot easier to reap rewards in life. not complaining, it's just a fact. "

Comments on this story are now closed.