Press release
Southern California Bancorp Announces Executive Leadership Transition
SAN DIEGO--(BUSINESS WIRE)-- Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the
About this update from California Bancorp
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nSouthern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), announces that the Board of Directors has appointed Executive Chairman David I. Rainer to succeed Nathan Rogge as the President and CEO of the Company and the Bank, effective immediately.\n\n“The board and I are confident that David’s extensive banking experience and success in Southern California banking make him an ideal choice for President and CEO to continue the implementation of the Bank’s commercial banking strategy,” said John Farkash, Chairman Emeritus of Southern California Bancorp and Bank of Southern California. “On behalf of the board and the entire company, I want to express our appreciation for Nathan’s leadership and vision during the last 15 years. He has overseen the growth of the franchise from $50 million to $1.7 billion in assets and really created a strong franchise.”\n\n“Fifteen years ago, I set out to build a premier community business bank. We created a strategic plan to grow the bank quickly through seven acquisitions and steady organic growth. We successfully grew the bank to 15 locations as we expanded into the Los Angeles and Orange County markets,” said Nathan Rogge. “I feel like I have accomplished what I set out to do. The Bank is now well poised for its next step of increasing its commercial banking profile with new locations and depth in Los Angeles County. In departing the Company, the Bank and the Boards of Directors, I leave a newly augmented team which includes outstanding, proven and experienced banking professionals who can continue the Company’s mission of banking excellence. I want to thank each and every one of my colleagues who brought the Bank to its position as a premier community banking institution.”\n\n“I am very excited about the opportunities for the Bank of Southern California franchise and am humbled at the board’s confidence in me,” said David Rainer, Chairman, President and Chief Executive Officer of Southern California Bancorp and Bank of Southern California. “We have a strong executive leadership team that is committed to expanding our commercial banking platform in Southern California. I am excited to be working closely with them to accomplish that goal, while providing all of our communities with unparalleled...