CEO, PRESIDENT, COMMERCIAL BANK OF CALIFORNIA
WHY: Banker for more than three decades in OC. Successfully founded and sold California United Bank. Took current role, 2013, when bank’s assets stood at $250M. Now tops $1B.
RECENT: Said in April bank expected to issue $200M in PPP loans, which is about a fivefold increase from its annual production of SBA loans.
QUOTABLE: On surpassing $1B: “It’s a big deal. It’s a target for economies of scale. When you go to a billion, there are a whole bunch of new controls, audits. Banks always have this dilemma.”
