California Bank of Commerce Announces New President and CEO

LAFAYETTE, Calif.--(BUSINESS WIRE)--California Bank of Commerce (OTCBB: CABC) announced Terry A. Peterson as President and Chief Executive Officer of California Bank of Commerce. Peterson will also become a member of the Board of Directors for the Bank.

“I am very excited to join this successful commercial bank. The Bank’s growth in assets and earnings has been impressive, and I look forward to joining the accomplished executive team”

Peterson was a founding executive at Charter Bank in Bellevue, Washington where he was President and Chief Operating Officer. Peterson spent ten years at Charter where the commercial bank grew to $325 million. After Charter Bank, Peterson attempted the turnaround of a severely distressed bank in Bremerton, Washington where he was President and CEO. More recently, Peterson spent the last three years consulting with bank boards and executives in Oregon, Washington, and Nevada on broad ranging matters such as corporate governance and strategic planning.

Prior to Charter Bank, Peterson was the statewide executive for middle market commercial banking for the state of Washington with Keybank, a $13 billion bank headquartered in Seattle.

“The board and management are pleased with the selection of Terry Peterson to lead our Bank into the next stage of our history. Terry brings a wealth of experience in commercial banking and management. His experience in starting a bank, working at a large commercial bank, and consulting with bank boards and management will serve us well as we chart our path forward,” said Stephen A. Cortese, Chairman of the Board.

“I am very excited to join this successful commercial bank. The Bank’s growth in assets and earnings has been impressive, and I look forward to joining the accomplished executive team,” said Peterson.

About California Bank of Commerce

California Bank of Commerce was designed and built to provide a unique banking experience for its clients. The Bank offers a broad range of commercial banking services to closely held businesses and professionals throughout the San Francisco Bay Area. For more information on California Bank of Commerce and our unique banking experience, call us at [phone], or visit us at www.californiabankofcommerce.com.