ENCINO, Calif.--(BUSINESS WIRE)--CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today announced that Eric S. Kentor has been elected to the Boards of Directors of CU Bancorp and its subsidiary, California United Bank effective April 1, 2014.
“We’re very pleased to welcome Eric to the Boards of CU Bancorp. Eric’s considerable expertise in corporate governance and organizational development, combined with the strong leadership skills he has exhibited in building businesses and nonprofit organizations, make him an excellent addition to our Boards,” said David Rainer, Chairman, President and CEO of CU Bancorp and California United Bank.
An attorney, independent business consultant and private investor, Kentor works primarily with companies in the medical technology and clean tech, or “green” sectors.
From 1995, until its purchase by Medtronic in 2001, Kentor served as Senior Vice President, General Counsel, Corporate Secretary and as a permanent member of the Executive Management Committee at MiniMed Inc. The company was a world leader in the design, development, manufacture and marketing of advanced systems for the treatment of diabetes. Kentor joined MiniMed before its initial public offering and remained with the company until its acquisition in 2001. During this period, MiniMed’s workforce grew from 260 employees to 1,700 employees and its valuation increased from $80 million to $3.3 billion. Prior to MiniMed, from 1994 to 1995 Kentor served as Vice President of Legal Services for Health Net, California’s second-largest health maintenance organization, as well as Executive Counsel for its parent corporation. Prior to joining Health Net, Kentor was a partner at the law firm of McDermott, Will & Emery, where he practiced from 1987 to 1992.
Kentor has served as a director on the boards of numerous privately and publicly held companies, including Endocare Inc. and AutoGenomics Inc. He is a current board member of the Boys & Girls Club of the West Valley and serves on the organization’s Executive Committee.
Kentor holds a bachelor’s degree in political science and a J.D. degree, both from the University of California at Los Angeles.
About CU Bancorp and California United Bank
CU Bancorp is the parent of California United Bank. Founded in 2005, California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling (818) 257-7700 or visiting the Company’s Web site at www.cunb.com.