59.9 F
Laguna Hills
Tuesday, Dec 6, 2022
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MARK TRONCALE

 CO-FOUNDER, PRESIDENT, NANO BANC

WHY: Started bank in 2018, growing from no assets to $815M as of Dec. 31,

2019. Bank focuses on four things: service, technology, culture, and being “a

low branch model.” Building own software, hardware platforms; patents

pending. Tripled size of HQ in Spectrum.

RECENT: Already a top 30 bank in OC by deposits; licensing technology to other

community banks. Says many banking technologies “out there that aren’t being

utilized. You’d be very surprised.”

 

NOTABLE: Nano’s founders all worked at California Republic Bank, which was founded in 2007 and acquired for $330M by Mechanics Bank in 2016. QUOTABLE: “A lot of tech company disrupters have shorter names. Nano is associated with technology and small and we wanted to reflect that.”

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